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Cash Speaks: Meet Up With The Payday Industry Cronies Testifying at Today’s Sham Congressional Hearing

On February 11, the finance institutions and credit rating Subcommittee for the House Financial solutions Committee will hold a hearing entitled “Short-term, tiny Dollar Lending: the CFPB’s Assault on usage of Credit and Trampling of State and Tribal Sovereignty.”

In the event that you could maybe not tell through the name alone, the hearing just isn't meant shed any light from the financial obligation trap numerous borrowers find themselves in after taking right out payday along with other short-term, high-interest loans. Alternatively, the payday lending industry’s allies in Congress are holding this sham of the hearing to strike the buyer Financial Protection Bureau (CFPB) because it prepares brand brand new guidelines to rein into the worst of the predatory loan providers.

Those being called to testify are allies of the payday lending industry like the Members of Congress organizing the hearing. They consist of:

Greg Zoeller: Indiana’s Attorney General Has Raked in $23,000 in Campaign money from Payday Lenders Since 2010, Including a $1000 share to their Nascent House Campaign lower than 3 Months Ago

Ace money Express Is One of Six PACs to own provided to Zoeller’s Congressional Campaign so far

Thomas Miller: Scholar at Mercatus Center, a George Mason University Think Tank Founded and Funded because of the Koch Brothers

Thomas W. Miller Is A scholar that is visiting with Mercatus Center at George Mason University.

“Thomas W. Miller, Jr., is a visiting scholar with the Mercatus Center at George Mason University, whose research study centers around foreclosures for the Project for the research of American Capitalism and a task on little buck loans for the Financial Markets performing Group.