Debbie Wasserman-Schultz scarfs up $$$ from industry Google bars from advertising

[cali]

1. Democratic Party Chairwoman Faces Attacks from Left Over Payday Lending

Florida’s small-dollar lenders thought they had a political patron in Rep. Debbie Wasserman-Schultz, the Florida congresswoman who heads the Democratic National Committee. Instead they are proving how dangerous it has become for Democrats to cross their liberal wing on financial regulation.

A straightforward signal of support for an industry that has long had friends on both sides of the aisle in Florida has turned into a national political liability for Wasserman-Schultz. Her primary opponent has seized on the issue as a new and welcome vulnerability, while liberal groups have exploded over her backing for legislation that would bar new rules on small-dollar lending.

Those campaigning against Wasserman-Schultz are working to clear the way for the Consumer Financial Protection Bureau, the new regulator created by the 2010 law overhauling lending regulation, to issue the first-ever federal rules on payday lending. Liberal activists now have the tantalizing prospect of winning a long battle against payday lending — and swatting down a top Democrat in the process.

“If the Congresswoman wants to demonstrate her commitment to the hardworking men and women of this country that payday lenders prey upon each day, she can start by withdrawing her support for this problematic legislation,” a group of liberal organizations including Allied Progress and the Center for Responsible Lending wrote in an open letter last week.

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http://www.insidesources.com/democratic-party-chairwoman-faces-attacks-from-left-over-payday-lending/