City employers withhold workers’ wages, fuel payday loan industry

By David Tulis By regulatory fiat, a New York official, Ben Lawsky, has destroyed a Chattanooga Internet financial services business employing 400 people. The lending websites were run by Cary Brown, a Christian entrepreneur who got his start on a used car lot in Rossville and who developed a savvy “sovereign individual” business model foreseen in a 1997 book of that name. ‡ The companies offered online loans that brought high interest rates and fees because they were to unsecured strangers. These customers face a short-term cash crisis who need a few hundred bucks to tide them over until their … Continue reading City employers withhold workers’ wages, fuel payday loan industry