U.S. House Okays Gift To Predatory Payday Lenders; Only One NC Republican Votes “no” – The Progressive Pulse
U.S. House okays gift to predatory payday lenders; only one NC Republican votes “no” – The Progressive Pulse
Another day in congress; another reprehensible giveaway to corporate special interests that prey upon vulnerable people. The latest entry in this dreadful parade: A vote in the U.S. House of Representatives to forbid the Consumer Financial Protection Bureau from…you guessed it…protecting consumers from financial abuse — in this case the 400% interest sharks in the “payday” loan business.
You really can’t make this stuff up. As low-income Americans struggle to make ends meet in our ever-more-economically-stratified society, our elected representatives have voted to unleash a loathsome and bottom-feeding “industry” that acts as little more than a prettified loan …