Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Democratic Primaries
Related: About this forum
Congratulations to our presumptive Democratic nominee, Joe Biden!
Payday lenders brag about access to Trump, GOP -- but they're worried about Warren
Payday lenders were recorded discussing how to leverage their contributions to President Donald Trumps campaign to weaken government regulations of the industry with help from his administration, according to a recording obtained by The Washington Post.
Michael Hodges, the founder of payday lending giant Advance Financial, told industry colleagues during a Sept. 24 webcast that he successfully bought influence with the Trump administration.
For example, Ive gone to Ronna McDaniel and said, Ronna, I need help on something, he said, referring to the chairwoman of the Republican National Committee. Shes been able to call over to the White House and say, Hey, we have one of our large givers. They need an audience. They need to be heard and you need to listen to them. So thats why its important.
Hodges made the comments as the payday lending industry, which charges notoriously high-interest rates on short-term loans, awaits new rules that could weaken those put in place by the Obama administration, which require lenders to confirm that customers can afford to repay the loan amount.
Michael Hodges, the founder of payday lending giant Advance Financial, told industry colleagues during a Sept. 24 webcast that he successfully bought influence with the Trump administration.
For example, Ive gone to Ronna McDaniel and said, Ronna, I need help on something, he said, referring to the chairwoman of the Republican National Committee. Shes been able to call over to the White House and say, Hey, we have one of our large givers. They need an audience. They need to be heard and you need to listen to them. So thats why its important.
Hodges made the comments as the payday lending industry, which charges notoriously high-interest rates on short-term loans, awaits new rules that could weaken those put in place by the Obama administration, which require lenders to confirm that customers can afford to repay the loan amount.
https://www.salon.com/2019/10/30/payday-lenders-brag-about-access-to-trump-gop-but-theyre-worried-about-warren/
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 541 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (9)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Payday lenders brag about access to Trump, GOP -- but they're worried about Warren (Original Post)
MerryBlooms
Oct 2019
OP
guillaumeb
(42,641 posts)1. Recommended.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
vsrazdem
(2,177 posts)2. As well they should be worried. Things they are a changing.
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
MerryBlooms
(11,771 posts)3. Love to see preyday lenders on the extinction list. n/t
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden