Showing the Latest Allied Progress Results
Consumer Affairs: CFPB’s Plan to Clean up Payday Loans Faces Stiff Opposition
Allied Progress, the liberal advocacy group that “outed” Wasserman Schultz, says many other Congressional representatives are in the pocket of payday loan interests. “Payday lenders have spent millions of dollars currying favor with powerful Washington politicians and they will do whatever it takes to keep this extremely lucrative predatory racket humming along,” said Karl Frisch, the group’s director.
Group Lauds Rep. Murphy for Supporting CFPB’s Proposed Rule on Payday Lending
Allied Progress: “Other members of Congress could learn a thing or two from this demonstration of thoughtful leadership.”
Tampa Bay Times: Patrick Murphy Retreats From Payday Lender Bill
Allied Progress says it is taking Murphy out of contention of the ads. “Make no mistake – the CFPB’s proposed rule flies in the face of the disastrous ‘Florida model’ of payday lending and H.R. 4018, legislation initially co-authored by Rep. Patrick Murphy,” said Allied Progress executive director Karl Frisch.
Salon: New Regulation Proposal Won’t Do Enough to Rein in Predatory Payday Lenders, Consumer Groups Say
Progressive non-profit organization Allied Progress says this is just industry hoopla. It praised the proposal, but encouraged the CFPB to further strengthen protections for consumers. “While this is a good start and an important step in the right direction, the fight is far from over,” said Allied Progress Executive Director Karl Frisch in a statement.
Politico: Warren Wing Clashes With Wasserman Schultz on Payday Lending
The debate has spawned bipartisan legislation backed by Wasserman Schultz to delay the new rules for two years, a move that she says would give states time to adopt stricter laws. That stance has drawn attack ads by opponents of the industry. Allied Progress, a liberal group, recently launched a $100,000 ad campaign against Wasserman Schultz.
The Hill: Trade Group Threatens to Sue CFPB Over Payday Loan Rules
“While this is an important step in the right direction, the fight is far from over,” Karl Frisch, executive director of Allied Progress, said in a statement. “Payday lenders have spent tens of millions of dollars currying favor with powerful politicians and they will do whatever it takes to keep this predatory racket running. We owe it to hard working men and women everywhere to remain vigilant and fight on until the debt trap is ended once and for all.”
Will Members of Congress Support CFPB’s Proposed Rule to Rein in Predatory Payday Lenders?
Allied Progress is calling on members of Congress to announce whether they support or oppose the CFPB’s predatory payday lending rule.
100’s of Organizations Join Efforts to Raise Awareness and Collect Public Comments on CFPB Rule to Rein In Predatory Payday Lending
With CFPB’s proposed rule to rein in predatory payday lenders expected tomorrow, groups unveil StopPaydayPredators.org to gather public comments.
The Payday Lending Video Debbie Wasserman Schultz Actually Wants People To See
It’s not every day that a member of Congress asks people to watch a video of them struggling to defend their poor record on an unpopular issue.
CBS News Miami: New Ad Slams Wasserman Schultz Over Payday Lending Bill
A new ad slams Democratic National Committee chairwoman Debbie Wasserman Schultz for not doing more to crack down on the predatory practices of the payday lending industry.