Just how to obtain a legislation in Six months that are short
A payday lending CEO seems to have reversed the Consumer Financial Protection Bureau for a rule that is critical.
9, 2019 december
Nati Harnik/AP Picture
A check cashing storefront in Omaha, Nebraska
Sometime this thirty days, we are going to discover whether the most brazen pay-to-play schemes regarding the Trump era paid down. We’ll learn exactly just what the going price is for changing a legislation. We’ll learn simply how much of our federal government is actually for purchase.
Plus it’s all as a result of a man called Mike Hodges.
He’s the CEO of Advance Financial, among the nation’s biggest lenders that are payday. Advance runs over 100 storefronts in Tennessee, and through its internet site, strapped borrowers in choose states around the world may also get a quick payday loan at a excessive rate of interest.
Hodges normally a proud supporter of president Trump, providing him $1.25 million since 2016, by his very own admission. In reality, Hodges is perhaps a touch too proud. You may know their name as a result of a business webinar he took part in this reported on recently by The Washington Post september. On it, Hodges insisted that payday lender contributions into the president can help them get usage of top officials into the administration, and prompt service due to their priorities.
“I’ve gone to Republican National Committee seat Ronna McDaniel and stated, ‘Ronna, i would like help on one thing, ’” Hodges stated regarding the webinar. Read More