Payday lenders and regulators are gearing up for brand new showdown

Payday lenders and regulators are gearing up for brand new showdown

Debbie Wasserman Schultz

Democratic nationwide Committee seat Debbie Wasserman Schultz is cosponsoring a bill to push back once again on proposed federal laws when it comes to lending industry that is payday.

WASHINGTON — you call your lender if you got a loan whose interest rate over a year amounted to 391 percent, would:

B) a fine, upstanding business person earning money by giving credit to people who want it the absolute most?

Yet another concern. If your federal agency attempted to get rid of such financing practices, saying these people were predatory, could you state:

A) great for the us government?

B) How dare the national federal federal federal government hinder one thing currently controlled by states? Continue reading “Payday lenders and regulators are gearing up for brand new showdown”