Predatory Payday Lenders and Debt Collectors Cash In On Over $580M In PPP Loans
Washington Post: ‘Paycheck Protection Program money went to firms that have drawn sanctions and received hundreds of consumer complaints’ Q3 2020 hedge fund letters, conferences and more Debt Collectors And Payday Lenders Collected Over $580M In PPP LoansWASHINGTON, D.C. — The Washington Post is reporting that over 1,800 taxpayer-backed Paycheck Protection Program (PPP) loans went to debt collectors and high-interest payday lenders — totaling more than $580 million. According to the analysis, “more than 170 of those recipients have been the subject of a multitude of complaints — each racking u...