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Tue Mar 1, 2016, 11:38 AM

 

D.W. Shultz Joins Predatory Lenders' attacking Eliz. Warren & her Consumer Protection Bureau.

A sad foreshadowing of what's in-store for we 'the little people' under a Hillary Clinton Administration?

WASHINGTON -- Payday lenders have been gunning for the Consumer Financial Protection Bureau since the day President Barack Obama tapped Elizabeth Warren to set up the new agency. They've had plenty of help from congressional Republicans -- longtime recipients of campaign contributions from the payday loan industry. As the CFPB has moved closer to adopting new rules to shield families from predatory lending, the GOP has assailed the agency from every conceivable angle -- going after it's budget, attempting to tie its hands with new layers of red tape, fomenting conspiracy theories about rogue regulators illegally shutting down businesses and launching direct attacks on payday loan rules themselves.

To date, the GOP blitz has resulted in a few close shaves for the young agency, but no actual defeats. But the industry has cultivated a powerful new ally in recent weeks: DNC Chair Rep. Debbie Wasserman Schultz (D-Fla) .. is co-sponsoring a new bill that would gut the CFPB's forthcoming payday loan regulations. She's also attempting to gin up Democratic support for the legislation on Capitol Hill, according to a memo obtained by The Huffington Post.

The DNC chair isn't the first Democrat to defend payday lenders. A handful of House Financial Services Committee members consistently join the GOP's payday loan boosterism. But support from such backbenchers has been politically impotent. Wasserman Schultz, by contrast, is the nominal head of the Democratic Party. Her support undercuts efforts by liberals in Congress to draw contrasts with Republicans on economic issues.

The misleadingly titled Consumer Protection and Choice Act would delay the CFPB's payday lending rules by two years, and nullify its rules in any state with a payday lending law like the one adopted in Florida.


http://www.huffingtonpost.com/entry/debbie-wasserman-schultz-paylenders-cfpb_us_56d4ce38e4b03260bf77e8fc

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Reply D.W. Shultz Joins Predatory Lenders' attacking Eliz. Warren & her Consumer Protection Bureau. (Original post)
99th_Monkey Mar 2016 OP
SoLeftIAmRight Mar 2016 #1
djean111 Mar 2016 #2
aidbo Mar 2016 #3

Response to 99th_Monkey (Original post)

Tue Mar 1, 2016, 11:51 AM

1. thats hillays girl

 

bloodsuckers destroying the lives of the desperate

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Response to 99th_Monkey (Original post)

Tue Mar 1, 2016, 12:35 PM

2. Yes, it is.

 

I cannot support that. Had enough of Debbie DINO et. al.

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Response to 99th_Monkey (Original post)

Tue Mar 1, 2016, 10:39 PM

3. She has a primary challenger.

 

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