Payday lender indicted on racketeering charges

The Washington Post reports:

The head of a payday lending enterprise accused of charging more than 700 percent interest on short-term loans was indicted Thursday on federal racketeering charges.

Charles M. Hallinan, 75, led a group that preyed on customers while taking in nearly $700 million from 2008 to 2013, according to the indictment. Hallinan operated under a string of business names that included Easy Cash, My Payday Advance and Instant Cash USA, and defrauded at least 1,400 customers.

The full article is here.