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Concerns Raised About Carlucci’s Ties to Tall Interest Payday Lenders

Concerns Raised About Carlucci’s Ties to Tall Interest Payday Lenders

As scores of Us citizens await their stimulus checks under be home more requests, some are being lured into borrowing funds from high interest-predatory loan providers, also referred to as payday loan providers, who charge rates of interest up to 30% EACH MONTH. The de-regulation of predatory lenders, also called payday lending shops, has resulted in more high interest loans, and more rip-offs of lower and middle-income Americans in recent years, under the Trump administration.

Into the competition for Congress within the seventeenth region, (Mid-Northern Westchester & Rockland County) State Senator David Carlucci’s record on accepting efforts from payday loan providers was called into concern.