Asahi: Supreme Court rules loan companies required to disclose transaction records
Japan Times: Government looks to seize loan shark assets for victim redressIn a ruling Tuesday that could have a huge impact on the money-lending business, the Supreme Court said a loan company must pay damages for refusing to provide repayment records to a borrower...Some loan companies have refused to disclose the data to conceal the fact that they have been charging illegal interest rates, and would be forced to provide refunds if the borrowers took them to court...more...
FG Thread: Ripplewood-Jaws getting into the loan sharking bizThe Justice Ministry may help out loan sharking victims by imposing penalties on and seizing the assets of loan sharks via criminal trials and channeling the money into victim compensation funds, government sources said Wednesday. Current law makes it difficult to confiscate the full amount of money earned from loan sharking. Only the portion that can be verified by analyzing the victims' money transfer activities can be seized...more...
FG Thread: Loan sharks go after girls
