Payday Lenders Have an Ally in « Debt-Trap Debbie »

Payday Lenders Have an Ally in « Debt-Trap Debbie »

Debbie Wasserman Schultz is a Florida agent in Congress and it is the chair associated with the Democratic National Committee. Notwithstanding Florida’s particular payday loan provider issue, she actually is fighting, maybe maybe not assisting, efforts to rein them in.

Rep. Debbie Wasserman Schultz (D-FL) is co-sponsoring legislation to postpone and permanently muffle pending Consumer Financial Protection Bureau (CFPB) guidelines to rein in small-dollar lenders which are currently in a position to levy triple-digit yearly rates of interest from the nation’s poorest, the Huffington Post reports. Read more…