Trio of Texas Congressmen Took Thousands from Payday Lenders Within times of using Actions to simply help Industry
Customer Financial Protection Bureau??™s (CFPB) Payday Lending Rule in Jeopardy ??“ Hensarling, Hurd, and Sessions Could Vote to Gut payday loans in Rhode Island essential New Protections
WASHINGTON, D.C. ??“ Today, customer watchdog company Allied Progress released a chilling new report detailing what sort of trio of Texas Congressmen and much more compared to a dozen other U.S. Senators and Representatives took 1000s of dollars in campaign efforts from payday lenders within times of using formal actions to profit the industry. The dubious timing among these efforts and actions taken raise serious concerns of a possible quid pro quo as Reps. Jeb Hensarling, Will Hurd, and Pete Sessions considers whether they will vote to repeal the customer Financial Protection Bureau??™s (CFPB) crucial payday financing rule.
???With a small business model that traps an incredible number of hardworking People in the us in apparently endless cycles of financial obligation every year, its barely astonishing that polls show payday loan providers are very nearly universally despised. What exactly is surprising ??“ even bizarre ??“ is seeing these three Congressmen tripping all over by themselves to aid this kind of unpopular and unsavory industry,??? said Karl Frisch, executive manager of Allied Progress. Read more →