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Money Sharks Usury Plagues Atlanta Workers, Legal Aid Says
In Atlanta, W Woods White of the Atlanta Legal Aid Society estimates up to a quarter million dollars yearly drains from legitimate trade due to money sharks. He cites 30 000 to 50 000 small loans annually with 12 to 80 percent monthly interest, harming workers and merchants. Cases show wages nearly swallowed by interest, with few options but bankruptcy or legal action. Trials of indicted lenders and grand jury scrutiny loom as the society pushes prosecutions to curb usury.
MENTIONED IN THIS ARTICLE
Atlanta
W. Woods White
Atlanta Legal Aid Society
White
Peter
Paul
College Park
Legal Aid Society
Scorc
Commerce