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mahatmakanejeeves

(70,079 posts)
12. Please watch this video. It is just infuriating.
Wed Aug 13, 2014, 10:10 AM
Aug 2014

Thank you for posting this video.

Here is a similar racket, geared to fleece servicemembers:

USA Discounters: Thank You for Your Service: How One Company Sues Soldiers Worldwide

Let's not forget that Democrats are in on this too. I have an old post at DU that will take me a little bit to find. Here it is:

Usury Explosion: Northern Virginia Becomes Hotbed for Car-Title Lending Industry

The post contains quotes from newspaper articles:

Usury Explosion: Northern Virginia Becomes Hotbed for Car-Title Lending Industry

INDUSTRY LEADERS contributed generously to members of the General Assembly and lobbied heavily to get their way. Since 2009, LoanMax contributed more than $500,000 and Fast Auto Loans contributed more than $200,000. {Senate Democratic leader Dick Saslaw (D-35)} received the largest individual contributions, receiving $22,000 from Fast Auto Loans and almost $20,000 from LoanMax. Many of the other legislators voting in support of the industry also received financial support from car-title lenders. When asked about his support of the 2011 bill, Del. Bob Brink (D-48) had little to say.

Mount Vernon residents who seek to revitalize Route 1 corridor oppose auto title loan firm

Del. Mark D. Sickles (D-Fairfax) said the industry’s expansion illustrates a demand for small loans that banks are not meeting. ... “There are not a lot of other lenders out there aggressively pursuing people who need these small loans, which is too bad, because I think they can offer them a better deal,” said Sickles, who, like several other state lawmakers, has been a regular recipient of campaign contributions from title loan businesses.

The OP said:

For anyone who is interested in combating these assholes, the Consumer Financial Protection Bureau does have job openings.

Consumer Financial Protection Bureau (CFPB) Jobs

Recommendations

0 members have recommended this reply (displayed in chronological order):

John Oliver on Payday Loans [View all] IronLionZion Aug 2014 OP
Must-watch story. Pissed me off. CurtEastPoint Aug 2014 #1
nailed it eastonb Aug 2014 #2
NASTY STORY WITH A "SILVER" ENDING THAT WAS VERY FINE drynberg Aug 2014 #3
"Motherfuckers!" is right handmade34 Aug 2014 #4
Irony, thy name is DU Buzzardbait Aug 2014 #5
Psst...a little secret for a newbie: Ineeda Aug 2014 #7
Psst...a little secret for an oldie: Buzzardbait Aug 2014 #19
Okie dokie, then. Ineeda Aug 2014 #20
I get Lindsey Graham ads all the time. They make me happy. beerandjesus Aug 2014 #8
drop into a gun or porn thread MindPilot Aug 2014 #10
Google ads chooses advertisers based on keywords on the page. surrealAmerican Aug 2014 #15
Rupert Murdoch will put an end to this John Oliver bullshit. Enthusiast Aug 2014 #6
In San Diego the "leaders" freaked out over pot dispensaries MindPilot Aug 2014 #9
What is happening on E Warren's plan to get the USPO to do short small bank functions? Half-Century Man Aug 2014 #11
Please watch this video. It is just infuriating. mahatmakanejeeves Aug 2014 #12
I fell into the trap of these F***ers about 7 years ago. MarianJack Aug 2014 #13
In Ohio, commercial TV is infested with ads for car title loans... truth2power Aug 2014 #14
Oliver is going a good job on this show Gothmog Aug 2014 #16
How to escape for those who missed it.... Spitfire of ATJ Aug 2014 #17
What John Oliver didn't say dickthegrouch Aug 2014 #18
Remember when 60 minutes wasn't a fawning asskissing bunch of sycophants...? whereisjustice Aug 2014 #21
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