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Interest rate gauging

Major Trump donor’s company got a 3 percent government-backed pandemic loan. It sells title loans at a 350 percent annual rate.

November 23, 2020 By jamesb

From The Washington Post.... A company owned by a major donor to President Trump that operates auto-title loan stores with names such as LoanStar and Moneymax secured a $25 million low-interest loan from a government pandemic aid program, using what consumer advocates … [Read more...] about Major Trump donor’s company got a 3 percent government-backed pandemic loan. It sells title loans at a 350 percent annual rate.

Filed Under: Government, Law, Other Things, Politics, the Economy Tagged With: economy, Interest rate gauging, loans, Politics, Trump supporters, Wellshire Financial Services

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