Another Kansas City payday lender is off to prison, this time for 10 years | The Kansas City Star

The collectors then targeted consumers who sometimes paid off the fake loans just to stop the calls. A federal lawsuit filed in the Northern District of Illinois asks for a permanent injunction on the business activities of Golden Valley Lending, Silver Cloud Financial, Mountain Summit Financial and Majestic Lake Financial, all companies incorporated on a tribal reservation in Northern California but which do business at a call center in Overland Park. SoLo Funds, however, wants to displace even legal payday lenders. That sense of being disenfranchised has helped lead to large followings for Bernie Sanders and Donald Trump, Liu said, and also to movements like the tea party, Occupy Wall Street and Black Lives Matter. Take Us With You Real-time updates and all local stories you want right in the palm of your hand. The indictment accuses Tucker of repeatedly lying to the judge, filing a false declaration in his court, destroying a computer against orders to preserve information and even lying while being videotaped by a bankruptcy trustee. SoLo Funds, working with a bank partner, transfers funds between the accounts as borrowers and lenders alike have to link a bank account to carry out the transaction.

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Elliott J. Clark, 65, of Kansas City, MO, spent five years caught in the debt trap of payday loan interest when his wife's broken ankle began his high-interest cycle trap. Rick Moseley Sr., one of a few Kansas City payday lenders whose usurious business practices came under scrutiny by federal investigators, was sentenced on Tuesday by a federal judge in New York to. SoLo Funds — which comes from social loans — is a peer-to-peer lending app co-founded by Travis Holoway, who grew up in Cleveland but came to Kansas City from Los Angeles.

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