Lending Company Employee Reported Their Shady Business Practices, So They Got Hit Hard With Lawsuits By The Government
by Matthew Gilligan

Shutterstock/Reddit
Rule #1 in life: don’t mess around with the government!
Because if you do, you’re gonna find yourself in a world of hurt…
And this story proves it in a huge way!
Check out what went down!
“Company A” screwed me, so I helped the federal government to screw them back 10 million+ times worse.
“Hired by a large short term lending company. Part the job required reading into loan contracts.
“Company A” is massively screwing over the most desperate and financially illiterate people (they call “valued customers”) by getting them to sign short term, very expensive loans through coercion, knowing full well by their financial income, that they can never pay back the loan.
This was seriously sketchy stuff.
Bilking them out of every dollar, then repossessing their car.
I have to audit these loans, found instance after instance of predatory lending, and unethical lending practices. I don’t like it, begin to start documenting violations out of gut instinct. Company A fired me for taking too much time off to be with my dad during his last days while he passed from cancer.
Company offers severance, then retracts it.
They weren’t going to take this lying down.
I decide to do something about “Company A’s” shady lending practices, report them to the Consumer Financial Protection Bureau, with the help of my old boss. We give info.
The Government drops the hammer and they are now out 50+ million in fines. Fees, legal costs and lost business.
From that, they are still being sued left & right for being jerks that prey on the financially desperate folks by giving loans w/ APR’s of 280%+ – but they never articulated or explained that to the customers.
Feels good to try to do something righteous, and see change effected – I highly doubt I was the catalyst, just a puzzle piece to bring it all together.”
Check out what folks had to say on Reddit.
This person weighed in.

Another individual didn’t hold back.

This Reddit user shared their thoughts.

And another individual spoke up.

I guess there is still is some justice left in the world!
If you liked this post, check out this story about an employee who got revenge on a co-worker who kept grading their work suspiciously low.
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