Payday lender Scott Tucker of Leawood convicted of illegal payday loans, racketeering | The Kansas City Star
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Richard Moseley, a payday lending impresario in Kansas City, was sentenced to 10 years in prison by a federal judge in New York. Moseley was accused of running the Hydra Lenders, a group of abusive payday lending outfits.
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With annual interest rates around 400 percent, payday loans are called exploitative by critics. But the industry says those rates are necessary.
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Get a payday loan on a prepaid debit card 15 June 2018. We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias.