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Predatory lending has gone upscale, businesspeople are being suckered into signing away all their rights even as they take on high-interest debt. Pulitzer Prize winning investigative reporter Zachary Mider of Bloomberg News broke the story of Confessions of Judgment, the legal trap that lets one group of lenders strip more than $1 billion from their debtors.
By KSFRPredatory lending has gone upscale, businesspeople are being suckered into signing away all their rights even as they take on high-interest debt. Pulitzer Prize winning investigative reporter Zachary Mider of Bloomberg News broke the story of Confessions of Judgment, the legal trap that lets one group of lenders strip more than $1 billion from their debtors.