Lending Fraud news and trends

Tucker Gets 16-Year Sentence In Payday Lending Case
Legal // January 08, 2018

Race car driver and Kansas businessman Scott Tucker has been sentenced to 16 years and eight months in jail for crimes associated with Tucker’s payday lending business. According to a report in Reuters, the sentencing came down from U.S. District Judge Kevin Castel in Manhattan....

Quick Reads
FTC Wants Tighter Small Biz Lending Scrutiny

May 08, 2019
The U.S. Federal Trade Commission (FTC) is eyeing tighter scrutiny of small business lending practices as Commissioner Rohit Chopra calls on the regulator to combat predatory SMB loan contracts, reports in Bloomberg said on Wednesday (May 8). Chopra spoke at an agency forum in Washington, D.C., calling out the small business lending industry’s issue of […]

Tucker Gets 16-Year Sentence In Payday Lending Case

January 08, 2018
Race car driver and Kansas businessman Scott Tucker has been sentenced to 16 years and eight months in jail for crimes associated with Tucker’s payday lending business. According to a...