The leisure of state regulations made lending that is usurious, but simple credit from Wall Street’s

The leisure of state regulations made lending that is usurious, but simple credit from Wall Street’s

The relaxation of state legislation made lending that is usurious, but simple credit from Wall Street’s more reputable players caused it to be feasible and profitable.

Today as Advance America’s co founder, William Webster, recounts to journalist Gary Rivlin in Broke, USA, it was Webster’s Wall Street connections he was in the Clinton administration, in the Education Department and then the White House that allowed his company to quickly dominate the market, growing from 300 stores in 1997 to more than 2,300. Continue reading “The leisure of state regulations made lending that is usurious, but simple credit from Wall Street’s”