Knox defends loans that are payday bank made them in 1999 and 2000. It was said by him wasn
Their now-defunct bank made them in 1999 and 2000. He stated it had beenn’t their move that is best, but he’s got no regrets.
In 1999, all over Pennsylvania, several thousand individuals strapped for money prearranged during the storefront workplaces of a short-term financial institution.
They got cash, fast, from a bank called Crusader, headed by way of a millionaire that is self-made Tom Knox.
The loans averaged $250 apiece. However the interest had been therefore high that community activists cried foul, and federal regulators zeroed in from the bank. (more…)