Originally published on Sun March 29, 2015 5:54 pm
The federal government is moving to reign in the payday loan industry, which critics say traps consumers in a damaging cycle of debt. A look at the possible effects of proposed regulations and what push back they might face.
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Originally published on Mon March 30, 2015 8:22 pm
About 25 years ago, John Bovery started a modest football pool out of his home in New Jersey. It had 57 participants, all friends and co-workers.
But thanks to word of mouth — and the multiplying factor of email — Bovery's pool grew to staggering proportions. At one point, it got too large for Bovery to handle himself, so he contacted a software company to custom-build something suited to his needs.
By 2009, it included more than 8,000 entries from people around the globe, with a total payout of more than $800,000.