JimmyCsays: At the juncture of journalism and life that is daily KC The moneychangers who have been instrumental in St. Ann Catholic Church finding a chapel that is new
About 10 months ago, we had written a post en titled “Good Catholic men building a killing in the pay day loan business.”
That post actually hit a neurological. It had a huge selection of views all over time We posted it in September 2014, and since then it’s drawn more views than virtually any post that is past.
Yesterday and after this, the sheer number of views spiked, within the wake regarding the Star publishing on its web site a tale in regards to the authorities banning a huge, online payday lending procedure run by Timothy Coppinger and Frampton T. Rowland III.
To provide you with concept associated with the range associated with procedure, between 2012 and 2013, Coppinger’s businesses issued $28 million in payday advances and withdrew significantly more than $46.5 million from people’s bank records.
Here’s how dirty were the transactions of those businesses: almost all the victims hadn’t really used for loans but had provided information that is enough personal on their own to provide lenders usage of their checking records. The lenders then deposited “loans” within the people’s reports and methodically withdrew “interest” re payments. Many victims didn’t recognize for the number of years that these were being fleeced.
Coppinger had been one of many “good Catholic men” I had written about back 2014. He originates from a household that is a pillar of Visitation Catholic Church, 51st Terrace and principal.
One other household we published about had been the Hodes household, additionally of Visitation. […]