CFPB orders prison banker to pay $6M for charging inmates ‘unfair’ feeswashingtonpost.com 2 pointsshadowfiend4 years ago1 commentSaveHideCopy link On HNComments−salawat4yTime is money.Average cost of incarcerating someone per day is $94.82.6000000 divided by $94.82 per day is 63,277 days. Which comes out to 173 years.If They fleeced 6 mil, there's your sentence. You can decrease by a gratuity factor for making the prison population aware of what they are in for.I mean. Seems only fair. We shouldn't facilitate taking advantage of captive populations. Might even help with the attractiveness of financial crime.
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Time is money.
Average cost of incarcerating someone per day is $94.82.
6000000 divided by $94.82 per day is 63,277 days. Which comes out to 173 years.
If They fleeced 6 mil, there's your sentence. You can decrease by a gratuity factor for making the prison population aware of what they are in for.
I mean. Seems only fair. We shouldn't facilitate taking advantage of captive populations. Might even help with the attractiveness of financial crime.