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 nation’s poorest, the Huffington Post reports....
http://thinkprogress.org/economy/2016/03/01/3755213/wasserman-schultz-payday-loans/