Patriarch of Payday Loans Indicted Amid Usury Crackdown

  • Hallinan, others conspired to defraud 1,400 people, U.S. says
  • Companies allegedly charged rates exceeding 700 percent

Charlie Hallinan, who pioneered the tactics payday lenders have used for years to stymie state regulators, was indicted Thursday on federal conspiracy and fraud charges.

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