Webloan sharks dwindled away as a source of credit for working people before interest rate ... A “loan shark” came to be understood as a black-market creditor with ties to organized crime who employed violence, or threats of violence, to compel repayment of a debt. In 1968, Congress enacted the Consumer Credit Protection Act, the second WebMay 6, 2013 · May 6, 2013 When you live in Thailand long enough, you eventually hear about black market money lenders. These are people or companies, otherwise known as ‘loan sharks’ or ‘predatory lenders’, that lend money to Thais at exorbitant interest rates, often in the region of 10-20 percent a month.
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Loan Sharks: How to Spot Predatory Lenders - Business Insider
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