(Rick Drew) Life isn’t supposed to be easy for prisoners, but should the punishment extend to their families? A new report highlights the ways in which some financial institutions appear to be benefiting from the bad fortunes of others while prisoners’ families fall into debt trying to provide necessities like underwear and toothpaste to their loved ones behind bars. The Center for Public Integrity has released the first in a two-part series investigating how private financial companies have made millions from the families of prisoners. Over a six-month investigation CPI found that prison bankers collected tens of millions of dollars every year from inmates’ families in fees for basic financial services.
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Ashlee Kieler, The Consumerist
Tue, 09/30/2014 - 10:15am
Topics: rick drew life the center u.s virginia corrections ryan shapiro ceo nic inc maine florida arkansas we when jewel illinois alex friedmann human rights defense center they american correctional association consumer financial protection bureau federal trade commission prison public integrity in public integrity cpi jpay shapiro shapiro friedmann the the funds financial companies families fees company inmates money high services arrangements states charged tells send reports order loved transfers transfer benefit month million advantage sending revenue regulators charging private year bankers millions convention party machines years accounts exorbitant levied state interest profit-sharing receive
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