Latest News
Showing the Latest Payday Lending Results
-
FloridaPolitics.com: When Investigating Payday Lending, Knowledge Is Power
Writing in the Tampa Bay Times July 29, Karl Frisch, executive director of Allied Progress, a public interest group opposed to the payday lobby, cited reports that the industry has contributed more than $2.5 million to Florida politicians and political parties since 2009. Nearly $1 million of that came from payday lender Amscot Financial and the family that controls it. Small wonder, then, that so many Florida politicians have been friendly to payday lending. But they know now that the public is on to them.
-
Tampa Bay Times: Now We Know What Was Fueling Push to Expand Florida’s Disastrous Payday Lending Model
The push to spread Florida’s disastrous model of payday lending nationally died when two of its chief backers — Reps. Debbie Wasserman Schultz and Patrick Murphy — pulled the plug and instead endorsed the Consumer Financial Protection Bureau’s plan to rein in this predatory industry.
-
“Ability to Repay” Is Key to CFPB’s Proposed Payday Lending Reforms
Broad coalition of groups underscore importance of “ability to repay” requirement in CFPB’s proposed payday lending rule.
-
Washington Post: What Regulating Payday Loans Is All About
Suggesting that the Consumer Financial Protection Bureau should bend over backwards to make sure people can get loans that will leave them unable to pay rent or put food on the table fundamentally misunderstands the purpose of regulating payday loans in the first place: to prevent financial devastation.
-
FloridaPolitics.com: Advocacy Group That Has Been Slamming DWS on Payday Loans Now Praises Her
Allied Progress, the D.C. based advocacy group that has been blasting Democratic National Committee Chair Debbie Wasserman Schultz for months for her support of of payday lending legislation that the group called “disastrous,” is now praising her. The group placed an a full page ad in the South Florida Sun-Sentinel applauding her and Congressman Patrick Murphy for now backing the Consumer Financial Protection Bureau’s push to rein in the payday loan industry.
-
Tens of Thousands Spoke Out Supporting the CFPB on Payday Lending Reform — They Listened
Full page ad in the Sun Sentinel thanking Reps. Debbie Wasserman Schultz and Patrick Murphy for supporting the CFPB’s proposed rule to rein in payday lenders.
-
Texas Rep. Henry Cuellar: The Payday ‘Lone’ Democrat
Texas Congressman was lone democrat on Appropriations Committee to support delaying CFPB payday lending rules.
-
Washington Times: Debbie Wasserman Schultz Flips, Backs Payday Loan Crackdown Under Pressure From Left
“This is a wake-up call for progressives in Congress and every state legislature around the country. Getting in bed with the payday lending industry isn’t only bad policy, it’s bad politics,” said Karl Frisch, executive director for Allied Progress, which had been running television and digital ads blasting Ms. Wasserman Schultz and Mr. Murphy for their support of Florida’s payday lending laws.
-
Sun-Sentinel: Wasserman Schultz Supports Payday Loan Rules
“This is a wake-up call for progressives in Congress and every state legislature around the country. Getting in bed with the payday lending industry isn’t only bad policy, it’s bad politics,” Allied Progress executive director Karl Frisch said. Wasserman Schultz’s willingness to reconsider her position is a testament to her thoughtful leadership and our representative democracy.”
-
Newsweek: Moving Left, Debbie Wasserman Schultz Drops Opposition to Payday Loan Regulations
Karl Frisch, executive director of Allied Progress, called Wasserman Schultz’s move a victory. “This is a wake-up call for progressives in Congress and every state legislature around the country. Getting in bed with the payday lending industry isn’t only bad policy, it’s bad politics,” he said.