- The Washington Post reported in unearthed audio, payday lenders openly discussed leveraging their campaign fundraising on behalf of President Donald Trump’s election campaign to help fend off regulation from his administration.
- At a September 24 webinar, Michael Hodges, creator of Advance Financial – one of many country’s payday lenders that are largest – stated that industry efforts to your Trump reelection campaign’s war upper body may assist them get access to the White home.
- The webinar starts a screen to the payday financing industry’s strategy since it efforts to fend off tougher federal federal government laws by cozying as much as the Trump management and also the president’s campaign.
- Payday industry lenders are awaiting brand brand brand brand new guidelines which could loosen standards enacted by the national government, and something of them includes ensuring their clients can handle trying to repay the cash they borrow.
- Browse company Insider’s website for more tales.
In unearthed sound, payday lenders openly talked about leveraging their campaign fundraising with respect to President Donald Trump’s reelection campaign to thwart legislation from their management, the Washington Post reported.
At a September 24 webinar, Michael Hodges, creator of Advance Financial, one of many country’s biggest payday lenders, stated that industry efforts towards the Trump re-election campaign’s war upper body could assist them get access to the White home.
The video clip ended up being uncovered by Allied Progress and Us americans for Financial Reform, two advocacy teams.
A peek behind the curtain
The industry comprises of companies that provides short-term loans quickly but at high interest levels because of its clients. (more…)