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The "400+" employee lay-off that the author referenced was this one: http://timesfreepress.com/news/2013/aug/16/layoffs-hit-chattanooga-based-payday-lender/ htt

• x0x0 13y ago
  wow. fta: Before New York regulators cut the businesses off from the automated clearing house system in early August, the payday conglomerate made short-term loans over the Internet that typically became due — with interest — on the customer’s next payday. Different U.S. states have widely divergent laws governing the interest rates that lenders are allowed to charge, and Brown often ran afoul of these regulations. He has been sued in several states for making loans with interest rates well above the legal limit, was the subject of a class-action lawsuit for sending thousands of spam text messages and was investigated by federal authorities. Brown was forced to stop making loans in Tennessee following a series of Times Free Press articles in 2011 and 2012 that showed he was making loans with an interest rate in excess of what the state allowed, and was doing so without a license. I kind of just want to point and laugh; apparently karma does (slowly) come around.