Debbie Wasserman Schultz co-sponsors bill that would gut CFPB's forthcoming payday loan regulations

[Miles Archer]

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: Democratic National Committee Chair Rep. Debbie Wasserman Schultz (D-Fla.).

Wasserman Schultz 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.

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

[djean111]

1. Either she is no Democrat, or I am no Democrat.

Both of us cannot be Democrats. And if she is the Democrat, then my party has left me.

[Cobalt Violet]

7. she's getting more angy by the hour.

I so unhappy with the direction of the party.

[CrispyQ]

8. This. ^^^

We caucus tonight & tomorrow I go back to being a Green. My party has left me.

I'll vote for HRC but I won't give money or time & I won't talk about her to friends & family.

[Faux pas]

2. The sleaze and slime

are just dripping from the turd way dnc.

[seaotter]

3. I am sure Hillary is on board with this.

Thanks to all the " donations" she has received from big banks. (YES, big banks are behind the payday lenders, as well.)

[Dr. Strange]

18. I'm sure she's also against it.

[Cobalt Violet]

4. gee, mabey she doesn't like us peon's having an extra $27. to give to Bernie.

You got to HARVEST every cent we got don't you DWS. Fuck off

[stillwaiting]

9. The Establishment will not be kind to working Americans over the next decade

after how much money Bernie was able to raise.

I am positive they are not amused by this.

We're going to lose a lot if Bernie's not nominated.

[Kelvin Mace]

5. I can't wait for the usual suspects to tell me why this is okay

[seaotter]

10. I am sure it is because DWS and HRC want to "go further".

[djean111]

14. No one has EVER so much as replied to my multiple queries about why it is okay for Debbie to support

her GOP buddies, but I am supposed to just vote for the "D" no matter what. Always - crickets.

Not going to work on me any more, sorry!

[yourpaljoey]

6. Pure evil

[Salviati]

11. That reminds me to donate more money to her primary challenger, Tim Canova:

https://secure.actblue.com/contribute/page/du4timcanova

[annabanana]

12. call her office (202) 225 - 7931

Let her know what you think of a Democrat supporting this regressive, Republican championed legislation in an election year.

[Wellstone ruled]

13. Amazing how some Dino's are

now the Democratic Party's so called Leadership. Hey hey third way all the way. And this was Mr. Obama's choice to Head his Party,need we say more as to what that story tells.

[seaotter]

15. Corporatist need to be corporatists...its in their nature.

[Wellstone ruled]

16. Never thought this so called rehabed Rethug would

become DNC chair. Knowing R.T. Rybak,the Guy must really feel betrayed,and to think he is one of our Democratic Party's up and comers.

[Cal33]

17. What is Debbie Schultz doing as Chair of the DNC? She should be Chair of the Rnc.

She is in the wrong Party. She is actually helping the Corporate Power people rob the
Middle-Class Americans, when she is trying to gut Elizabeth Warren's CFPB.