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Latest News
Showing the Latest Payday Lending Results
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SPOTTED: Mobile Billboard on Capitol Hill Hits #DebtTrapDebbie Over Support for Payday Lenders
Mobile billboard spotted outside Debbie Wasserman Schultz’s office at the Democratic National Committee this morning.
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Nashville’s News Channel 5: Lawmaker Wants Stiffer Rules For Payday Loan Companies
As first reported by NewsChannel 5 Investigates, in the months before and after that law passed, more than $400,000 in contributions to Tennessee Lawmakers was doled out by 5 pay day loan political action committees. Karl Frisch is the Executive Director of Allied Progress, a Washington DC based non-profit that has tracked the political spending of pay day loan companies across the country.
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POLITIFACT: Claim That Florida’s Payday Law Is ‘Stronger Than Almost Any Other State’ Is False
POLITIFACT has rated the oft-used claim by Florida’s congresspeople that the state’s payday lending laws are ‘stronger than almost any other state’ as FALSE.
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New Website Exposes “Protect America’s Consumers” – The Shady Interest Group Behind the CFPB Smear Campaign
Allied Progress and American Family Voices launch website highlighting the true motivations behind the shady front group called “Protect America’s Consumers.”
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Washington Times: Advocacy Group Steps up Attack on Debbie Wasserman Schultz Over Payday Lending
The advocacy group Allied Progress is stepping up its campaign attacking Democratic National Committee Chairwoman Debbie Wasserman Schultz on payday lending, announcing plans Monday to put up billboards in the Florida Democrat’s home state that say she’s not on President Obama’s side on the issue.
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FloridaPolitics.com: Billboards Take Debbie Wasserman Schultz to Task on Payday Loans
“‘Debt Trap Debbie’ is siding with payday lenders rather than President Obama,” is the message being displayed on two illuminated billboards placed in heavily used traffic routes in Wasserman Schultz’ South Florida congressional district.
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New Billboards Hit Debbie Wasserman Schultz for Undermining Obama on Payday Lending Reform
“Debt Trap Debbie” Campaign Expands, Lights Up South Florida
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International Business Times: Why Elizabeth Warren Is Fighting Florida’s Payday Lending Model; Lenders Collect Billions From The Poor
Wasserman Schultz, whom the liberal activist group Allied Progress claims has accepted $68,000 in contributions from the payday industry since 2006, argues that Florida’s payday rules are better for consumers than the proposed CFPB regulations.
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International Business Times: Warren Backs Payday Loan Regulation, Dem Leader Touts Permissive ‘Florida Model’
The bill drew new attention last week after the progressive group Allied Progress launched an ad campaign targeting Wasserman Schultz, who represents Florida’s 23rd district. The group says Wasserman Schultz has accepted $68,000 from the payday lending industry, implying that those funds led to her support for the bill.
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Esquire Magazine: Wall Street Goons Are Coming for Senator Professor Warren
According to Allied Progress, Luetkemeyer is an old friend to the banking and predatory lending industry, receiving more than $1 million in campaign donations from the industry.