The payday loan industry has a new friend in Florida Rep. Debbie Wasserman Schultz, chair of the Democratic National Committee. Wasserman Schultz is co-sponsoring a piece of legislation – ironically titled the “Consumer Protection and Choice Act” – which would delay and eventually block new regulations sought by the Consumer Financial Protection Bureau. Why is …
Tag: payday loans
Super PAC Watch: Romney Mystery Donors Include Prominent Predatory Loan Execs
Among the recent large donors to Mitt Romney’s Super PAC Restore Our Future are still more corporations “not easily connected to a specific executive or even business,” Nicholas Confessore writes in a February 20 New York Times blog post. LittleSis has found that two of these new Romney backers, neither of whom the Times looked …