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Missouri Man Paid $50,000 in Interest After Taking

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Prosecutors seek KC law firm records in Scott Tucker

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/4/2017Prosecutors in New York have filed a motion seeking additional records relating to Scott Tucker, who faces a mountain of federal charges related to his payday lending empire. The Kansas City Star reports that federal prosecutors in New York have asked a judge to allow them access to McDowell Rice

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0/13/2017Payday lender Scott Tucker of Leawood convicted of illegal payday loans, racketeering | The Kansas City Star. Scott Tucker’s payday lending

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In the five years it took him to pay off the debt, Clark told the Kansas City Star he racked up a whopping $50,000 in interest payments. He and his wife lost their home as a result.

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Good Catholic boys” making a killing in the payday

Federal judge says Leawood payday loan mogul There’s no federal law establishing interest rates on payday loans and Visit The Kansas City Star (Kansas

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/17/2016 of Kansas City,

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Good Catholic boys” making a killing in the payday loan business. a Kansas City Star editorial made note of the “awkward twist” through which some of the

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/17/2014Lawsuits: Payday loan scheme victimized consumers. Three Kansas City businessmen are accused of running a payday lending scheme that took millions of dollars from consumers nationwide by trapping them in unauthorized loans and using the debts to siphon the victims' bank accounts.

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According to the Kansas City Star, the basis for the judgement was misleading terms presented with the payday loans. The Kansas City Star reports that the FTC said the “poorly crafted loan disclosures and automatic repayment schedules” associated with Tucker’s loans would put recipients of a $300 loan on the hook for $975.