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In reply to the discussion: Alabama Republicans File Bill To Take Away Food Stamps If You Own A Car [View all]marew
(1,588 posts)Republicans are deep thinkers! They would never have the brain power to see what they would be doing.
You cannot make this stuff up!
At the same time the GOP is so proud of themselves for their tax breaks they've given to Corporations and billionaires.
Then there's Wasserman Schultz who has sided with the GOP on their payday loan policy. This came out about 3 weeks ago. She is getting lots of flack and outrage from many DC Democrats. Not a word from Hillary, not one single word on this. Wonder why? Oh wait, I remember! Corporate hack!
"The Official Head Of The Democratic Party Joins GOP Effort To Protect Payday Lenders"
Payday lenders fearing modest federal regulations will cut into their vast profit margins have a new, high-profile ally in Washington: The chairwoman of the Democratic Party.
Rep. Debbie Wasserman Schultz (D-FL) is co-sponsoring legislation to delay and permanently muffle pending Consumer Financial Protection Bureau (CFPB) rules to rein in small-dollar lenders that are currently able to levy triple-digit annual interest rates on the nations poorest, the Huffington Post reports.
The bill would force a two-year delay of the CFPBs rules, which are still being drafted. Last spring, the agency set out a framework for its rulemaking process that indicates it is taking a more modest approach than industry critics would prefer. But the bill Wasserman Schultz signed onto would both delay those rules further, and permanently block them in any state that enacts the sort of ineffectual, industry-crafted regulatory sham that Florida adopted in 2001.
http://thinkprogress.org/economy/2016/03/01/3755213/wasserman-schultz-payday-loans/