Charles hallinan pay day loan a Main that is former Line banker referred to as “Godfather of payday lending

A previous Main Line investment banker referred to as “Godfather of payday lending” for preying on low-income borrowers ended up being sentenced Friday to 14 years in federal jail and stripped of over $64 million in assets, reports philly.com.

“In this industry, to construct a book that is big you must run afoul regarding the regulators” -Charles M. Hallinan

Attorneys for 77-year-old Charles M. Plus »