The term loan shark carries a negative connotation. On television, heโs the guy who sends his goons after people who donโt pay what they agreed to pay. In real life, heโs a business that lends money to high-risk recipients. Where there is a need for revenue, there will always be someone, somewhere, ready to lend it. The lender doesnโt loan money out of the goodness of their own heart. Itโs a business decision made with profit in mind. The government has decided that all lending institutions must pay for the predatory loan practices of others.
