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n2doc

(47,953 posts)
Fri Jun 3, 2016, 12:57 PM Jun 2016

Moving Left, Debbie Wasserman Schultz drops her opposition to payday loan regulations

Source: Newsweek

Under pressure from activists, Democratic National Committee Chairwoman Debbie Wasserman Schultz is dropping her opposition to new federal guidelines that would rein in predatory payday lenders.

The new guidelines, announced by the Consumer Financial Protection Bureau (CFPB) on Thursday, would in many cases require lenders to verify borrowers’ income and ensure they can afford to pay back what they borrow. They would also prevent payday lenders from repeatedly withdrawing funds from borrowers’ bank accounts, resulting in heavy overdraft fees. Activists say the changes will curb predatory practices common in the payday lending industry. Opponents say the rules will gut the industry.

“As a strong supporter and partner of the Consumer Financial Protection Bureau in Congress, I stand with the CFPB in its efforts to protect Americans from predatory lending. From the outset of this process, I have said that I trust the CFPB to do what’s right for consumers, and these proposed rules are an important step towards that critical goal,” Wasserman Schultz said in a statement. “After reviewing the proposed rule, it is clear to me that the CFPB strikes the right balance and I look forward to working with my constituents and consumer groups as the CFPB works towards a final rule.”

Wasserman Schultz’s opposition to the rule came in the form of support for the Consumer Protection and Choice Act, written in anticipation of the new CFPB guidelines. The bill gives states with modest payday protections, like Florida, even more leeway, a move some say favors payday lenders. It was not immediately clear whether Wasserman Schultz would drop her support for the bill, now that she has endorsed the CFPB guidelines.

Read more: http://www.newsweek.com/debbie-wasserman-schultz-cfpb-payday-lending-466230



Feeling the heat, so to speak.
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Moving Left, Debbie Wasserman Schultz drops her opposition to payday loan regulations (Original Post) n2doc Jun 2016 OP
If we worked for decent jobs we wouldn't need payday loans. n/t jtuck004 Jun 2016 #1
I'd trust her almost as far as Hayduke Bomgarte Jun 2016 #2
DWS has done a good job: Sanders people are trying to make her a scape goat lewebley3 Jun 2016 #9
"DWS has done a good job" - Really, on what front? nt phazed0 Jun 2016 #12
She has run the DNC as the party has asked her to do. lewebley3 Jun 2016 #15
You're on another planet. nt phazed0 Jun 2016 #19
Clearly.... SammyWinstonJack Jun 2016 #96
This message was self-deleted by its author LiberalArkie Jun 2016 #26
You mean losing all of those statehouses and the Congress? Bohunk68 Jun 2016 #32
Which makes her a toady and not a representative of the people. haikugal Jun 2016 #36
Hands over eyes with fingers firmly in ears is an impressive posture Ed Suspicious Jun 2016 #59
She only takes this position to keep her job. The pressure to change was overwhelming. bjobotts Jun 2016 #101
Much like HRC Shadowflash Jun 2016 #128
Look at the wonderful job she did in 2014... ThinkCritically Jun 2016 #77
They asked her to zentrum Jun 2016 #84
She is not charged with running elections: She is charged with basic logistics lewebley3 Jun 2016 #143
what into the ground? hollysmom Jun 2016 #111
Hillary is a progressive and the DNC is the progressive party lewebley3 Jun 2016 #124
madness, the stuff of delusions and unicorn spottings AntiBank Jun 2016 #134
you mean like Obama saying Social Security should be increased? hollysmom Jun 2016 #148
run it into the ground, yes AntiBank Jun 2016 #117
Thats your opinion because Sanders lost: and he chose not to be a Dem lewebley3 Jun 2016 #123
NOTHING to do with Sanders! Democrats have lost 900+ state legislature seats, 12 governors, 69 AntiBank Jun 2016 #130
The party asked her to lose both chambers of Congress and numerous state governments? Exilednight Jun 2016 #138
The DNC chairman is not responsible for campaigns: The Sanders voterrs failed to lewebley3 Jun 2016 #142
So the 2010 and 2016 midterm losses are Sanders fault? Exilednight Jun 2016 #145
Musta been a time warp. truebluegreen Jun 2016 #152
Obama is the legally head of the Party and the actual Head of the party: Not DWS lewebley3 Jun 2016 #154
I was referring to "Sanders voters" truebluegreen Jun 2016 #157
She has done everything the DNC and Obama has asked her to do: Sanders lewebley3 Jun 2016 #135
All you have to do is phazed0 Jun 2016 #140
"DWS has done a good job...." mac56 Jun 2016 #13
She has been great at protecting the oligarchy that runs the Democratic Party. Scruffy1 Jun 2016 #83
And making sure Sanders national exposure was kept at a minimum for as long as possible bjobotts Jun 2016 #102
Meh... Chicago1980 Jun 2016 #20
Thank you for your honest statement. It's not about Hillary. It's always been about Debbie. floriduck Jun 2016 #133
Debbie Wasserman Schultz sulphurdunn Jun 2016 #28
Anyone that would say that Cassiopeia Jun 2016 #44
So there's two of them! Raymond Shaw and DWS. Might have known! lol Zen Democrat Jun 2016 #55
Don't you draw the queen of diamonds boy ... Jopin Klobe Jun 2016 #108
You must be her mother. Cobalt Violet Jun 2016 #38
Not even others in the Hill Camp say that JimDandy Jun 2016 #62
I am not bully: I don't blame others for my own failures like Sanders lewebley3 Jun 2016 #132
DWS has done a good job: Sanders people are trying to make her a scape goat AlbertCat Jun 2016 #47
Third: you forgot "Impeachment is off the table" Nancy. Hoppy Jun 2016 #69
Ah yes... Losing seats is a sign of a good DNC chair... nt Gore1FL Jun 2016 #50
No, its not : She works for Obama he hired her: The loss of seats is because Sanders didn't lewebley3 Jun 2016 #131
Sanders had voters in 2014 that he didn't mobilize? Gore1FL Jun 2016 #146
You do know of her history of supporting republicans in Florida and not democrats.? Ichingcarpenter Jun 2016 #56
Republicans like that about her, apparently. Ed Suspicious Jun 2016 #60
LOL! Ruby the Liberal Jun 2016 #107
She stinks jzodda Jun 2016 #109
Sanders lost that is not DWS fault: Sanders people want to blame anyone but Sanders lewebley3 Jun 2016 #129
Please explain how Sanders lost the 2014 election for the Democrats. Gore1FL Jun 2016 #147
He didn't work for the party: His voters didn't show up lewebley3 Jun 2016 #155
Are you being purposefully obtuse Gore1FL Jun 2016 #156
She did exactly what was asked: got HRC the nomination. She'll be set for life.. expect her to be jack_krass Jun 2016 #116
She did job: Sanders was rejected: and that is not DWS fault lewebley3 Jun 2016 #125
Undeniably, the skids were greased for HRC, had they not been this primary would have been closer. jack_krass Jun 2016 #139
NO, Hillary is just one great choice: Sanders just lost and it's his fault lewebley3 Jun 2016 #144
Bull $hit. It is because of "Sanders prople" that she flipped on this issue. CentralMass Jun 2016 #126
Haha! Really? Shadowflash Jun 2016 #127
I've seen this act before. Dr. Strange Jun 2016 #136
On what fucking planet? truebrit71 Jun 2016 #158
Sanders campaign is the only ones blaming DWS for his loss lewebley3 Jun 2016 #160
Huh? She has been an abject failure as head of the DNC.. truebrit71 Jun 2016 #161
me2 840high Jun 2016 #14
Do the payday lenders get their "donations" back from her now? Matt_in_STL Jun 2016 #3
With 300% interest? Wait for it Jun 2016 #119
Debbie must be wondering if she's about to be handed her hat. Gene Debs Jun 2016 #4
DWS shouldn't have to go unless: Weaver of Sanders campaign goes lewebley3 Jun 2016 #10
What? phazed0 Jun 2016 #17
Derp? frylock Jun 2016 #42
x 2. Ed Suspicious Jun 2016 #61
lol what? Gore1FL Jun 2016 #51
What are you going on about? SammyWinstonJack Jun 2016 #99
HRC Campaign Big Wig in 2008. Wasn't she? Wilms Jun 2016 #5
HRC Campaign Big Wig in 2008. AlbertCat Jun 2016 #85
Too late. She has already revealed tabasco Jun 2016 #6
"Moving left" blackspade Jun 2016 #7
amazing what bad primary polls will do nt Angel Martin Jun 2016 #8
There are no bad primary polls. DWS is not considered to be in danger of losing her seat outside DU StevieM Jun 2016 #35
The race is not expected to be remotely competitive. AlbertCat Jun 2016 #49
And in DWS' congressional district it wasn't. She won by 37 points. (eom) StevieM Jun 2016 #81
She won by 37 points. AlbertCat Jun 2016 #82
so +! hollysmom Jun 2016 #112
I am afraid not. The poster misunderstood my post. I had been referring to the Clinton vs. Sanders StevieM Jun 2016 #150
I was referring to Clinton's performance versus Sanders in the district, not the DWS/Canova race. StevieM Jun 2016 #149
She apparently learned the fine political art of LibDemAlways Jun 2016 #11
yep 840high Jun 2016 #16
So you'd rather she not have changed her position on this issue? Chicago1980 Jun 2016 #21
I prefer Kelvin Mace Jun 2016 #29
It's a politically expedient flip flop, brought about LibDemAlways Jun 2016 #40
FIRE DWS! Donate to Democratic Underground for Tim Canova FL-23 here Omaha Steve Jun 2016 #18
She didn't move left, she got push back on it. Autumn Jun 2016 #22
How is Delphinus Jun 2016 #23
Too late... disillusioned73 Jun 2016 #24
And she will be back collaborating with the Republcans Kelvin Mace Jun 2016 #25
Until she has been reelected and is free to ignore all of us. jwirr Jun 2016 #27
Difficult to believe anyone with a conscience would seriously oppose such reforms. thucythucy Jun 2016 #30
Tim Canova gets another donation. Gregorian Jun 2016 #31
Too late. Third Doctor Jun 2016 #33
Too Late? Financial Protection Bureau (CFPB) JUST released its proposed rules. Sunlei Jun 2016 #48
2018 Wave of Bernie Progressives hit's Congress. JimDandy Jun 2016 #70
I hope thats true, Congress and Senate are currently infested with Republican Baggers. Sunlei Jun 2016 #73
Hahaha, feeling the heat? Well, I hope she gets the boot. nt thereismore Jun 2016 #34
Never needed a pay day loan? yallerdawg Jun 2016 #37
Sounds to me like a Democrat. AlbertCat Jun 2016 #52
DWS supports Warren's CFPB decision. yallerdawg Jun 2016 #68
She'll say anything for the votes Scalded Nun Jun 2016 #39
This is what can happen when you don't STFU and GTFO. frylock Jun 2016 #41
what took her so long? eom LittleGirl Jun 2016 #43
too late. A corporatista will go right back to serving her true constituency the minute she's yurbud Jun 2016 #45
She read the Hillary book on how to do that. n/t JimDandy Jun 2016 #64
Hillary is promising so little, it will barely be a betrayal yurbud Jun 2016 #95
Good, because as a Member of our Congress-she has always voted with the Ds. Sunlei Jun 2016 #46
Always voted with the D's? Really? phazed0 Jun 2016 #63
Her record shows this and let me know why those bills or whatever were passed? or how did others Sunlei Jun 2016 #67
The letter R or D should mean less than the actual content of any legislation. FDR would Gene Debs Jun 2016 #75
I know. Some of the bills I'm happy to see passed in the past 7 yrs were signed by Rs & Ds. Sunlei Jun 2016 #76
You see? Was that so hard? Blue_Tires Jun 2016 #53
She's learned a few tricks from her pal Hillary I see. BillZBubb Jun 2016 #54
No, the OTHER left...nt freebrew Jun 2016 #57
No pressure or shaming should have been necessary, SusanCalvin Jun 2016 #58
How do you know that? phazed0 Jun 2016 #66
Whut? SusanCalvin Jun 2016 #72
Thought you were saying... phazed0 Jun 2016 #92
What a leader. EndElectoral Jun 2016 #65
Great. Now fire her and lets get on with Democrats winning elections. AllyCat Jun 2016 #71
Dropping her opposition...RIGHT.... for how long.? Until she is re-elected. usaf-vet Jun 2016 #74
I dont understand the hatred for this woman. My first impressions of her were Gomez163 Jun 2016 #78
There were plenty of reasons for that. SusanCalvin Jun 2016 #88
She's in the wrong party. She supports Republican LibDemAlways Jun 2016 #103
You don't understand this? GummyBearz Jun 2016 #159
Too little too late. We already know who she is. dinkytron Jun 2016 #79
A temporary position to appeal to voters. nt abelenkpe Jun 2016 #80
This should have been titled... afertal Jun 2016 #86
n2doc, recommended saidsimplesimon Jun 2016 #87
Gee, it's almost like putting pressure on politicians actually works! QC Jun 2016 #89
Lol Faux pas Jun 2016 #90
can we make it illegal for them to actively solicit bonemachine Jun 2016 #91
So, how you like me now?? Huh? Huh? Eleanors38 Jun 2016 #93
Now there's an industry that can stand being gutted notadmblnd Jun 2016 #94
Numbers------------------------ turbinetree Jun 2016 #97
Okay, so she's dropping this. But will she side with Republicans Ilsa Jun 2016 #98
Feel The Heat, PayDayDebbie! Dont call me Shirley Jun 2016 #100
in other news: DWS payday superpac closes shop and supports her republican opponent. nt Javaman Jun 2016 #104
Deborah Wasserman-Shultz: People who somehow got elected. Initech Jun 2016 #105
Too little, too late, Debbie Ruby the Liberal Jun 2016 #106
Well, it certainly took her long enough. sinkingfeeling Jun 2016 #110
I feel a little sad trudyco Jun 2016 #113
All of this is non-binding n2doc Jun 2016 #115
Didn't like her before the primaries Marrah_G Jun 2016 #114
Election year pandering. Fake left, swerve right. Doctor_J Jun 2016 #118
I'm sure its that her conscience finally got to her LiberalLovinLug Jun 2016 #120
Holy cow, play the twilight zone music.... Matt_R Jun 2016 #121
No shit? libodem Jun 2016 #122
How sad when being against predatory lenders is considered being on the left. leftinportland Jun 2016 #137
i believe President Obama..and lewebley3...meant to say "Great Job, Debbie!": islandmkl Jun 2016 #141
Come on now GRhodes Jun 2016 #151
She was never opposed to those guidelines. George II Jun 2016 #153

Response to lewebley3 (Reply #15)

 

bjobotts

(9,141 posts)
101. She only takes this position to keep her job. The pressure to change was overwhelming.
Fri Jun 3, 2016, 03:56 PM
Jun 2016

Wonder if she has to give back all the campaign donations from the payday loan industry?

 

ThinkCritically

(241 posts)
77. Look at the wonderful job she did in 2014...
Fri Jun 3, 2016, 02:49 PM
Jun 2016

when we lost the senate and gave republicans congress. Yeah, great job DWS.

zentrum

(9,865 posts)
84. They asked her to
Fri Jun 3, 2016, 03:00 PM
Jun 2016

…..lose the midterms?

Asked her to schedule debates on unpopular nights and to not schedule enough debates so the country could not see how great our debates were compared to the Repugs?

Asked her to stovepipe the most unpopular Democratic candidate in electoral history?

Asked her to alienate and insult the base?

Well, we agree on one thing——she is a symptom of an ailing Party.

 

lewebley3

(3,412 posts)
143. She is not charged with running elections: She is charged with basic logistics
Sat Jun 4, 2016, 02:59 PM
Jun 2016

of running the DC. The Democratic run their own campaigns:
and lost has been for a party is every ones responsibility

Obama is not advised by DWS about the democratic party: He is
the leader.

hollysmom

(5,946 posts)
111. what into the ground?
Fri Jun 3, 2016, 06:15 PM
Jun 2016

she is the one who does not let the DNC support any progressives - if you aren't a blue dog - you are out of luck - she is running the party into the ground - who many more seats do you want to see lost in congress? You can't blame gerrymandering on the senate they are state wide races and she lost the senate! She recruited republicans to run as democrats in Florida - she is running the DNC as the new republican party.

 

AntiBank

(1,339 posts)
134. madness, the stuff of delusions and unicorn spottings
Sat Jun 4, 2016, 11:28 AM
Jun 2016

So many on here have truly jumped the shark.

In honour of that:



hollysmom

(5,946 posts)
148. you mean like Obama saying Social Security should be increased?
Sun Jun 5, 2016, 12:54 AM
Jun 2016

I believe Clinton said that was not possible and was just unicorns and rainbows. And I thought she supported Obama

 

AntiBank

(1,339 posts)
130. NOTHING to do with Sanders! Democrats have lost 900+ state legislature seats, 12 governors, 69
Sat Jun 4, 2016, 11:21 AM
Jun 2016

House seats, 13 Senate seats under DWS.

DISASTER



Your projection of Sanders onto me betrays YOUR only reason for support of her is linked to Clinton.

She is a neoliberal DLC/3rd Way/Blue Dogger in progressive illusional disguise. She epitomises the unholy alliance of Dem power hierarchy to corporate and banking overlords.

 

lewebley3

(3,412 posts)
142. The DNC chairman is not responsible for campaigns: The Sanders voterrs failed to
Sat Jun 4, 2016, 02:53 PM
Jun 2016

Last edited Mon Jun 6, 2016, 01:00 PM - Edit history (1)

vote for Obama in the mid terms, Sanders followers are not reliable.

 

truebluegreen

(9,033 posts)
157. I was referring to "Sanders voters"
Mon Jun 6, 2016, 02:27 PM
Jun 2016

not showing up and thereby being responsible for losses: prior to 2015 the only "Sanders voters" in existence were in Vermont.

But now you think Obama is to blame?

Is DWS a relative?

 

lewebley3

(3,412 posts)
135. She has done everything the DNC and Obama has asked her to do: Sanders
Sat Jun 4, 2016, 11:33 AM
Jun 2016

lost because he is not a Dem and not a leader: that is was his choice:
Sanders people would attack anyone they can blame for the Sanders loss.
They even attack Dean this time for supporting Hillary.

Scruffy1

(3,252 posts)
83. She has been great at protecting the oligarchy that runs the Democratic Party.
Fri Jun 3, 2016, 02:59 PM
Jun 2016

Unfortunately it's been a Pyrrhic victory. The younger voters are fleeing in droves and the Democratic Party is becoming the home of old white people like me. They showed up for Bernie, but a lot will be gone.

Chicago1980

(1,968 posts)
20. Meh...
Fri Jun 3, 2016, 01:21 PM
Jun 2016

As a Clinton supporter, I wouldn't throw too much shade towards Sanders supporters on this one.

She was wrong on who she sided with regarding this issue.

They weren't trying to make her a scapegoat, they were trying to convince her to do the right thing.

 

sulphurdunn

(6,891 posts)
28. Debbie Wasserman Schultz
Fri Jun 3, 2016, 01:29 PM
Jun 2016

"is the kindest, bravest, warmest, most wonderful human being I've ever known in my life."

JimDandy

(7,318 posts)
62. Not even others in the Hill Camp say that
Fri Jun 3, 2016, 02:30 PM
Jun 2016

because they are "reality based".... or perhaps just because it's a perposterous assertion.

 

lewebley3

(3,412 posts)
132. I am not bully: I don't blame others for my own failures like Sanders
Sat Jun 4, 2016, 11:24 AM
Jun 2016

it wouldn't matter who the chairman was Sanders people all looking
to blame anyone but Sanders.

 

AlbertCat

(17,505 posts)
47. DWS has done a good job: Sanders people are trying to make her a scape goat
Fri Jun 3, 2016, 02:08 PM
Jun 2016

Oh god... lewebley fantasies again!

Are you sure she's not the most admired and loved woman in the universe?

Oh I'm sorry.... the 2nd most admired and loved woman in the universe.

 

lewebley3

(3,412 posts)
131. No, its not : She works for Obama he hired her: The loss of seats is because Sanders didn't
Sat Jun 4, 2016, 11:21 AM
Jun 2016

get his voters out to vote. Second Democrats run their own campagins:
the DNC doesn't have the money the GOP does.

Gore1FL

(21,101 posts)
146. Sanders had voters in 2014 that he didn't mobilize?
Sat Jun 4, 2016, 04:02 PM
Jun 2016

Your post is so laughable, I am just going to sit here and point at it and giggle.

Ichingcarpenter

(36,988 posts)
56. You do know of her history of supporting republicans in Florida and not democrats.?
Fri Jun 3, 2016, 02:23 PM
Jun 2016

I trust her until her next pay check comes in.

Check forgery.

Gore1FL

(21,101 posts)
147. Please explain how Sanders lost the 2014 election for the Democrats.
Sat Jun 4, 2016, 04:14 PM
Jun 2016

I'd ask for links, but I know links don't exist for made-up nonsense. Just try to explain in your own words.

 

jack_krass

(1,009 posts)
116. She did exactly what was asked: got HRC the nomination. She'll be set for life.. expect her to be
Fri Jun 3, 2016, 07:39 PM
Jun 2016

a fixture on the speech giving circuit for the next few years..

 

jack_krass

(1,009 posts)
139. Undeniably, the skids were greased for HRC, had they not been this primary would have been closer.
Sat Jun 4, 2016, 12:59 PM
Jun 2016

Shadowflash

(1,536 posts)
127. Haha! Really?
Sat Jun 4, 2016, 11:13 AM
Jun 2016

Under her watch a majority of state legislatures have become GOP controlled and the GOP holds a majority of governorships.

Good job, indeed.

 

truebrit71

(20,805 posts)
161. Huh? She has been an abject failure as head of the DNC..
Tue Jun 7, 2016, 03:39 PM
Jun 2016

Even before she rigged the debate schedule for her future boss....

Compare her record to that of Howard Dean and get back to me...

She's been fucking atrocious...

 

phazed0

(745 posts)
17. What?
Fri Jun 3, 2016, 01:18 PM
Jun 2016

Why should a campaign manager have to leave? Pretty sure Bernie gets to pick his own team. The facts are out there on DWS, so to blindly offer support in light of facts and tribulations to DWS.. please explain.

StevieM

(10,500 posts)
35. There are no bad primary polls. DWS is not considered to be in danger of losing her seat outside DU
Fri Jun 3, 2016, 01:41 PM
Jun 2016

and a few other places on the internet.

DWS' district was carried by Hillary Clinton by a margin of 68-31. It's not good territory for Sanders/Canova, and I seriously doubt that Debbie's primary opponent is as well-known as Sanders. The race is not expected to be remotely competitive.

StevieM

(10,500 posts)
150. I am afraid not. The poster misunderstood my post. I had been referring to the Clinton vs. Sanders
Sun Jun 5, 2016, 01:41 PM
Jun 2016

race in that particular district (which went for Hillary, 68-31), not the DWS/Canova race.

StevieM

(10,500 posts)
149. I was referring to Clinton's performance versus Sanders in the district, not the DWS/Canova race.
Sun Jun 5, 2016, 01:39 PM
Jun 2016

eom

LibDemAlways

(15,139 posts)
11. She apparently learned the fine political art of
Fri Jun 3, 2016, 01:11 PM
Jun 2016

finger to the wind resulting in flip flopping from the best.

Chicago1980

(1,968 posts)
21. So you'd rather she not have changed her position on this issue?
Fri Jun 3, 2016, 01:22 PM
Jun 2016

It may be a flip-flop, but it's a flip in the right direction.

LibDemAlways

(15,139 posts)
40. It's a politically expedient flip flop, brought about
Fri Jun 3, 2016, 01:47 PM
Jun 2016

by poll numbers. I'd prefer that politicians have core values that would lend them (no pun intended) to oppose the predatory practice of payday loans from the get-go.

Omaha Steve

(99,500 posts)
18. FIRE DWS! Donate to Democratic Underground for Tim Canova FL-23 here
Fri Jun 3, 2016, 01:20 PM
Jun 2016

Too late. Get her out of US Congress!


Donate to Democratic Underground for Tim Canova FL-23 here: https://secure.actblue.com/contribute/page/du4timcanova


jwirr

(39,215 posts)
27. Until she has been reelected and is free to ignore all of us.
Fri Jun 3, 2016, 01:29 PM
Jun 2016

Isn't her husband a banker? Wonder if he does payday loans?

thucythucy

(8,039 posts)
30. Difficult to believe anyone with a conscience would seriously oppose such reforms.
Fri Jun 3, 2016, 01:31 PM
Jun 2016

Well, maybe not so difficult after all...

Third Doctor

(1,574 posts)
33. Too late.
Fri Jun 3, 2016, 01:39 PM
Jun 2016

She should have known better at the start. Supporting republicans in a election year while being the DNC Chair is another issue also. I'm sending more cash to her opponent.

Sunlei

(22,651 posts)
48. Too Late? Financial Protection Bureau (CFPB) JUST released its proposed rules.
Fri Jun 3, 2016, 02:09 PM
Jun 2016
Now there may be a bill for our Congress to vote on someday.

Think any Republicans will vote for consumer protections?

JimDandy

(7,318 posts)
70. 2018 Wave of Bernie Progressives hit's Congress.
Fri Jun 3, 2016, 02:38 PM
Jun 2016

Getting the corporatists in both parties out of Congress is priority 1.

Sunlei

(22,651 posts)
73. I hope thats true, Congress and Senate are currently infested with Republican Baggers.
Fri Jun 3, 2016, 02:41 PM
Jun 2016
Once those crappy Rs get voted in it takes decades to get rid of them.

We may ALL pass away from old age before republican damages are fixed for America.

yallerdawg

(16,104 posts)
37. Never needed a pay day loan?
Fri Jun 3, 2016, 01:42 PM
Jun 2016

Another example of upper-class values and sensibilities informing our decisions relative to 'the poor'?

Kill the high-risk payday finance business? Back to 'loan sharks.'

Against exploitative state lotteries and casinos? Back to 'numbers' and 'illicit gambling.'

Same as outlawing legal abortion! It won't stop abortion - just makes it unsafe and illegal.

So DWS looks for "a right balance." Sounds to me like a Democrat.

 

AlbertCat

(17,505 posts)
52. Sounds to me like a Democrat.
Fri Jun 3, 2016, 02:17 PM
Jun 2016

Yeah.... one who also supports Repugs.... and lost for the Dems big time.

And as we all know from experience, all Repugs want is to work with Dems for "a right balance".

Perhaps your dawg is the wrong color.

yallerdawg

(16,104 posts)
68. DWS supports Warren's CFPB decision.
Fri Jun 3, 2016, 02:35 PM
Jun 2016

Only in the upside down world of DU would so many Democrats be tossed aside for the 'confirmation bias' associated with a single candidate.

Scalded Nun

(1,236 posts)
39. She'll say anything for the votes
Fri Jun 3, 2016, 01:44 PM
Jun 2016

If reelected she will be right back to business as usual, which is not advocating for citizens.

yurbud

(39,405 posts)
45. too late. A corporatista will go right back to serving her true constituency the minute she's
Fri Jun 3, 2016, 02:00 PM
Jun 2016

safely past the reach of voters on election day.

Count on it.

Sunlei

(22,651 posts)
46. Good, because as a Member of our Congress-she has always voted with the Ds.
Fri Jun 3, 2016, 02:03 PM
Jun 2016

Here's her page for those who may not realize she's a member of the House.

https://wassermanschultz.house.gov/#dialog


06/03/16

Wasserman Schultz Statement on Release of CFPB Proposed Rules

Washington, DC – U.S. Rep. Debbie Wasserman Schultz (FL-23) issued the following statement today after the Consumer Financial Protection Bureau (CFPB) released its proposed rules related to small-dollar lending:

“As a strong supporter and partner of the Consumer Financial Protection Bureau in Congress, I stand with the CFPB in its efforts to protect Americans from predatory lending. From the outset of this process, I have said that I trust the CFPB to do what’s right for consumers, and these proposed rules are an important step towards that critical goal.

“I am pleased that the proposal includes lender reporting requirements to track loans and assess each borrower’s ability to repay. Florida has tracked loan data for over ten years and it has been pivotal in protecting consumers and helping to end the cycle of debt for many. The CFPB proposal also curbs the abusive lending practice of repeatedly attempting to withdraw funds from consumers’ accounts. This practice results in heavy overdraft fees for borrowers, and I support the CFPB’s plan to help rein it in and preserve access to credit without the burden of unexpected costs.

“After reviewing the proposed rule, it is clear to me that the CFPB strikes the right balance and I look forward to working with my constituents and consumer groups as the CFPB works towards a final rule.”

 

phazed0

(745 posts)
63. Always voted with the D's? Really?
Fri Jun 3, 2016, 02:30 PM
Jun 2016
http://www.politico.com/story/2016/03/debbie-wasserman-schultz-payday-lenders-220527#ixzz4AXg01UcG
“President Obama was right when he condemned predatory payday lenders for ‘trapping hard-working Americans into a vicious cycle of debt’ with interest rates of 300 percent,” a narrator says. “But now Debbie Wasserman Schultz is joining Republicans in standing up for payday lenders after she received over $68,000 in campaign cash from them.”


Let us not forget Warren is the key architect of the CFPB and she says:
http://www.politico.com/story/2016/06/wasserman-schultz-elizabeth-warren-payday-lending-223802#ixzz4AXgSAyNl
“When emergencies arise people need access to credit, but payday lenders that build business models around trapping people in a never-ending cycle of debt are throwing bricks to a drowning man,” Warren said at a Senate Banking Committee hearing in April.


So why is DWS voting for a REPUBLICAN BILL to defer requirements?
The bill, authored by Florida Republican Rep. Dennis Ross, also calls on the agency to defer to requirements that state legislatures set on the lenders. It has lingered in the House Financial Services Committee despite Wasserman Schultz’s attempts to rally Democrats to get behind the measure.
Wasserman Schultz has said she supports the CFPB and has pushed back against Republican attempts to gut the bureau. But she has defended the bill, which she says would “push the pause button” while other states enact measures like Florida’s. Advocates say Florida’s laws haven’t gone far enough, and the Sunshine State has remained a hub of business for an industry that has faced crackdowns from state legislatures around the country.


"Voting with the D's" - Yeah, OK.

Sunlei

(22,651 posts)
67. Her record shows this and let me know why those bills or whatever were passed? or how did others
Fri Jun 3, 2016, 02:35 PM
Jun 2016

R and D vote? you'll have to research directly and not take any medias report for it. perhaps if you have the bill number you can look the bills up on our Congress website.

Sometimes even Rs vote for bills started by Ds.

 

Gene Debs

(582 posts)
75. The letter R or D should mean less than the actual content of any legislation. FDR would
Fri Jun 3, 2016, 02:43 PM
Jun 2016

stand up and walk in horror if he saw some of the right-wing crap being pushed by some who call themselves "D"s.

BillZBubb

(10,650 posts)
54. She's learned a few tricks from her pal Hillary I see.
Fri Jun 3, 2016, 02:21 PM
Jun 2016

Change your position for the campaign, then switch back after the suckers have voted for you.

 

phazed0

(745 posts)
66. How do you know that?
Fri Jun 3, 2016, 02:34 PM
Jun 2016

DWS has taken payday lender money, pushed for a Republican bill (Dennis Ross, FL) and has failed to rally D's behind her and her republican bill - against the CFPB..

Looks to me like she was happy with corruption, IMO.

SusanCalvin

(6,592 posts)
72. Whut?
Fri Jun 3, 2016, 02:40 PM
Jun 2016

How do I know that no pressure or shaming should have been necessary? Because she shouldn't have supported those vultures in the first place.

Or do you mean how do I know it worked? Well, I guess you have me there, because I sure don't trust her.

 

phazed0

(745 posts)
92. Thought you were saying...
Fri Jun 3, 2016, 03:20 PM
Jun 2016

no pressure or shaming would have been necessary for her to change her stance. I was going to contend that that was exactly why we see a change now.

We seem to be on the same page, or at least, within the same binding!

Cheers!

usaf-vet

(6,163 posts)
74. Dropping her opposition...RIGHT.... for how long.? Until she is re-elected.
Fri Jun 3, 2016, 02:42 PM
Jun 2016

She needs to go now. She is as bad as most republicans. She will say whatever she needs to to stay in office. Don't trust her EVER!

 

Gomez163

(2,039 posts)
78. I dont understand the hatred for this woman. My first impressions of her were
Fri Jun 3, 2016, 02:50 PM
Jun 2016

positive. Then all of a sudden every story about her was negative. She used to be part of a group of young congresspeople that would hold discussions on C-Span in the House chamber. She was great. Then the negativity started.

SusanCalvin

(6,592 posts)
88. There were plenty of reasons for that.
Fri Jun 3, 2016, 03:04 PM
Jun 2016

Just because she was on talking head shows doesn't make her great when you get to know her.

LibDemAlways

(15,139 posts)
103. She's in the wrong party. She supports Republican
Fri Jun 3, 2016, 03:59 PM
Jun 2016

principles and even some Republican candidates. She's bern very effective in getting Republicans elected, too. The worst possible choice for heading up the DNC. The enmity toward her is well deserved. She's awful.

 

GummyBearz

(2,931 posts)
159. You don't understand this?
Mon Jun 6, 2016, 04:51 PM
Jun 2016

Geez... I would ask what else you don't understand but I'm afraid of the answers I may get

QC

(26,371 posts)
89. Gee, it's almost like putting pressure on politicians actually works!
Fri Jun 3, 2016, 03:07 PM
Jun 2016

Yet much of the reaction here has been that only meanies would dare criticize any Democratic office-holder, much less run against one.

Looks like it actually worked, though.

Imagine that!

bonemachine

(757 posts)
91. can we make it illegal for them to actively solicit
Fri Jun 3, 2016, 03:19 PM
Jun 2016

My morning wake up call was a 7:14am robo-call letting me know that I was pre-approved for a 1500$ payday loan.

I know they have the number because it belonged to someone before me, presumably the woman who I regularly get collections calls for.

Fucking scum...

notadmblnd

(23,720 posts)
94. Now there's an industry that can stand being gutted
Fri Jun 3, 2016, 03:30 PM
Jun 2016

It only exploits the poor and in my opinion doesn't need to exist.

turbinetree

(24,683 posts)
97. Numbers------------------------
Fri Jun 3, 2016, 03:41 PM
Jun 2016

Since 2009, the Democratic Party has lost 69 House seats, 13 Senate seats, over 900 state legislative seats and 12 governorship's.

Who has been in charge of the DNC since this time?

I my litmus test for a democrat has been economics, always has been and always will, my FDR mother and father supporters taught me this simple lesson.

I have a problem when the some individuals "voted" for the TPP, and is some cases voted for other "trade deals" and there record of losing congressional seats is not Sander's or his supporters fault, party members within the DLC and the Third Way mantra voted against the working class and supported the corporate suits.

Her back tracking on the pay day lender issue, tells me that Tim Canova has put her seat in play within Congress, she is fighting for her political survival---------------------you know you have a problem when you will not have a sanctioned debate with your opponent.




Honk---------------------for a political revolution Bernie 2016

Ilsa

(61,690 posts)
98. Okay, so she's dropping this. But will she side with Republicans
Fri Jun 3, 2016, 03:43 PM
Jun 2016

who are trying to take control of the CFPB Board of Directors? They have several tricks up their sleeves to try and disable the CFPB.

Ruby the Liberal

(26,219 posts)
106. Too little, too late, Debbie
Fri Jun 3, 2016, 05:11 PM
Jun 2016

Nice pivot, no cigar. I trust you as far as I could toss you.

I will re-register with the party when you are LONG gone from any form (or scent) of leadership.

Here's hoping Tim Canova cantors you from "public" service this summer.

trudyco

(1,258 posts)
113. I feel a little sad
Fri Jun 3, 2016, 06:30 PM
Jun 2016

First Obama and Bernie have a talk.
Then rumors that DWS may need to go.
Then Obama suddenly acting like a semi progressive Dem and now DWS?

Is this the crumbs Bernie is going to get for giving up and trying to unite us?
Or is this a DLC attempt to unite us with or without Bernie?

So little so late. It's not a bad thing, it's just not a very big good thing.

n2doc

(47,953 posts)
115. All of this is non-binding
Fri Jun 3, 2016, 07:12 PM
Jun 2016

So they are free to ignore the liberal side when they are done with their dirty work.

LiberalLovinLug

(14,164 posts)
120. I'm sure its that her conscience finally got to her
Fri Jun 3, 2016, 11:41 PM
Jun 2016


http://thehill.com/blogs/ballot-box/house-races/281503-major-progressive-group-backs-wasserman-schultzs-primary

A major progressive grassroots group is endorsing the primary challenger of Rep. Debbie Wasserman Schultz (D-Fla.), accusing the chairwoman of the Democratic National Committee of being in the pocket of “wealthy interests” that promote income inequality.

Democracy for America on Friday announced its support for Tim Canova, a Florida law professor challenging Wasserman Schultz in the Florida's 23rd Congressional District.


http://www.sun-sentinel.com/news/politics/fl-wasserman-schultz-money-challenger-20160520-story.html

Money pouring in to Wasserman Schultz-Tim Canova primary contest

https://www.washingtonpost.com/news/the-fix/wp/2016/05/23/can-bernie-sanders-help-knock-off-debbie-wasserman-schultz/

Can Bernie Sanders help take down Debbie Wasserman Schultz?

Matt_R

(456 posts)
121. Holy cow, play the twilight zone music....
Sat Jun 4, 2016, 01:07 AM
Jun 2016

I read the headline and thought someone mistaken an article from The Onion. Just wow...

islandmkl

(5,275 posts)
141. i believe President Obama..and lewebley3...meant to say "Great Job, Debbie!":
Sat Jun 4, 2016, 02:12 PM
Jun 2016

Since 2008 Democrats have lost:

69 House seats

13 Senate seats

910 Legislative seats

30 State legislative chambers

12 Governorships

GRhodes

(162 posts)
151. Come on now
Sun Jun 5, 2016, 02:08 PM
Jun 2016

She isn't "moving left". She got paid to do what she did and realized the optics were bad. Think she would be doing an about face if the activist didn't shame her? Moving left is to have an ideological conversion or change on some level, to see the world differently on some level and to have some type of change in morals. Not doing something because of the optics or saying things in some speech is not "moving left". This "moving left" person has thrown open the doors to corporate interests at the Democratic convention. I hope that people pay attention to that. I'm sure she's realized the error of her ways in that regard as well? LOL!

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