Payday lending pioneer indicted in U.S. on racketeering fees

Payday lending pioneer indicted in U.S. on racketeering fees (Reuters) – A Pennsylvania businessman considered a pioneer within the pay day loan industry had been indicted on Thursday for doing a racketeering scheme, as an element of a wider U.S. crackdown on abusive lending practices.Charles Hallinan’s payday financing businesses produced significantly more than 688 million…