My Take on FED Arrest of Tribe PaydayLender Scott Tucker

Published: Thu, 02/11/16

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$2 BILLION PAYDAY LOAN INTERNET LENDER CHARGES UNLEASHED BY NEW YORK ATTORNEY

SCOTT TUCKER EMPLOYING TRIBE SOVEREIGN NATION PAYDAY LOAN LICENSING MODEL

Regarding this RICO indictment announced with GREAT FANFARE against Scott Tucker and Timothy Muir for “operating a nationwide internet payday lending enterprise that systematically evaded state laws in order to charge illegal interest rates as high as 700% on loans,” I THINK IT IS SIMPLY ANOTHER EXAMPLE OF THE FEDERAL GOVERNMENT ATTEMPTING TO SCARE THE LIVING DAYLIGHTS out of those of us who have identified a huge need – a tremendous consumer demand – for access to fast cash to meet their financial emergencies.

[Sincerest apologies if you received this from me 2x! A hiccup...]

For those of us who have actually worked “in the trenches,” who have really been behind the counter serving consumers in genuine need of a short-term, immediate loan to solve a temporary financial emergency, we are in sympathy with our clients. We GET IT! Our customers for these financial products GET IT as well. It’s not as if the banks are handing out $200 – $1000+ to our demographic!

And enough from the crazies who say lenders want to make loans to folks who cannot pay us pack. RUBBISH! If my customer can’t pay me back, am I really stupid enough to reach into my pocket and loan her $300? How long will it be before I’m working at Starbucks with my PHD in social sciences?

So… Scott Tucker? Read More. My interpretation and the real story here:
http://www.paydayloanuniversity.com/my-take-tribe-payday-lender-scott-tucker-arrested-2b/
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