Senators Seek Ban on ‘Confessions’ Tactic Used by Predatory Small Business Lenders

By and | December 7, 2018

  • December 7, 2018 at 12:55 pm
    NC P&C Agent says:
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    Wow! A Democrat and a Republican working together and not sniping! What a concept!

  • December 7, 2018 at 1:55 pm
    Mark Ambrose says:
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    This is venue shopping a practice that should stop. The transaction is located in Idaho, the closest court that deals with such transactions should be the one judging on it.

  • December 7, 2018 at 3:12 pm
    Buckeye says:
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    While this practice seems abhorrent and reasonable people should be able to agree with the need to put an end to it, I struggle to see how this is an issue within the purview of the federal government.

    • December 7, 2018 at 3:59 pm
      Daniel Colucci says:
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      Because they operate across state lines to avoid prosecution from the local authties.

  • December 7, 2018 at 4:50 pm
    Rosenblatt says:
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    This is a horrible practice and should be stopped, and I feel terrible for the folks who couldn’t fight the fictitious claims of the lenders, but whatever happened to “before you sign a document, make sure you read everything to ensure you understand what you’re actually agreeing to”?

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