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Allied Progress Presents Its 3rd collection of Nominees for the Payday Lender Hall of Shame
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The Trump-Kraninger CFPB Desires To Assist These High-Flying Payday Lender Professionals Get Also Richer At Cost of Vulnerable Customers
WASHINGTON, D.C. – Consumer advocacy company Allied Progress unveiled its 3rd pair of nominees for the Payday Lender Hall of Shame since the Trump management still intends to gut a consumer that is critical resistant to the cash advance debt trap. This week, the most truly effective professionals at Spartanburg, Southern Carolina-based Advance America have guaranteed the honor.
A year, the question has to be asked again and again: Why are people like this getting lucrative special treatment from the Trump administration from a private jet-loving executive involved in nearly a $19 million settlement over his company’s illegally excessive interest rates, to a CEO who led employees to intimidate borrowers at their workplaces, to a VP who dismisses payday lending caps as “arbitrary” while acknowledging Advance America’s average customers take seven or eight payday loans? (more…)