Sit down, because you're probably going to have to read this twice.
There isn't an industry more predatory and in need of consumer protection than the payday lending industry. So of course, Mick Mulvaney helps them out.
If We the People could be have a simple bank account at our Post Offices, this would solve a problem for millions upon millions of Americans. It would keep people away from the debt-trap clutches of the predatory payday lending industry.
John Fetterman, Blue America's endorsee for #PASen illustrates exactly why we earned it-- He's got the guts to mention the "Elephant-Lite" in the room, Debbie Wasserman Schultz.
We need a political revolution in Congress as much as we need it in the White House! Here's where to start:
Bloomberg News, Market Makers, Sept. 4, 2014. Read more here... http://crooksandliars.com/2014/09/did-harvard-know-it-was-invested-payday
As tough new laws squeeze the so-called “payday” lending industry, big investors are stepping in to help push triple-digit interest rates on customers who can least afford it.
Borrow a few hundred dollars and spend your whole life paying it back. That's their game, and they suck unwitting, desperate consumers into it.
As Des Moines police handcuffed Occupy activists on Monday at a Wells Fargo bank, one protester yelled out “My only regret is that I only have two arms to cuff.”
While I'm grateful that Elizabeth Warren is challenging Scott Brown in Massachusetts, I think we can all agree that she was the natural choice to be the Consumer Financial Protection Bureau (CFPB) director, had Congressional Republicans and their