Money-lenders, Anti-loan Shark, License Laws and Economics of the Small-loan Business PDF Download

Author: Clarence Hodson
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 32

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Author: Clarence Hodson
Publisher: Legare Street Press
ISBN: 9781020565694
Category :
Languages : en
Pages : 0

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This pamphlet contains extracts from a handbook that provides an in-depth analysis of the economics of the small-loan business. Written by Clarence Hodson, a financial expert, this book explains the principles and practices of small lending operations and provides insights into the legal and economic aspects of money-lending. The booklet also contains a discussion of anti-loan shark license laws which were enacted to protect borrowers from predatory lending practices. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author: Clarence Hodson
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 136

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Author: Clarence Hodson
Publisher:
ISBN:
Category : Interest
Languages : en
Pages : 194

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Author: United States. Federal Board for Vocational Education
Publisher:
ISBN:
Category : Vocational education
Languages : en
Pages : 1900

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Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 532

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Author: Charles R. Geisst
Publisher: Brookings Institution Press
ISBN: 0815729014
Category : Business & Economics
Languages : en
Pages : 275

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Predatory lending: A problem rooted in the past that continues today. Looking for an investment return that could exceed 500 percent annually; maybe even twice that much? Private, unregulated lending to high-risk borrowers is the answer, or at least it was in the United States for much of the period from the Civil War to the onset of the early decades of the twentieth century. Newspapers called the practice “loan sharking” because lenders employed the same ruthlessness as the great predators in the ocean. Slowly state and federal governments adopted laws and regulations curtailing the practice, but organized crime continued to operate much of the business. In the end, lending to high-margin investors contributed directly to the Wall Street crash of 1929. Loan Sharks is the first history of predatory lending in the United States. It traces the origins of modern consumer lending to such older practices as salary buying and hidden interest charges. Yet, as Geisst shows, no-holds barred loan sharking is not a thing of the past. Many current lending practices employed today by credit card companies, payday lenders, and providers of consumer loans would have been easily recognizable at the end of the nineteenth century. Geisst demonstrates the still prevalent custom of lenders charging high interest rates, especially to risky borrowers, despite attempts to control the practice by individual states. Usury and loan sharking have not disappeared a century and a half after the predatory practices first raised public concern.

Author:
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ISBN:
Category : American literature
Languages : en
Pages : 1126

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Author: Royal Meeker
Publisher:
ISBN:
Category :
Languages : en
Pages : 2044

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Author:
Publisher:
ISBN:
Category : Crime
Languages : en
Pages : 656

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