“Pocahontas" wasn’t rejected by the Republicans but by Obama, right?
Trump Sides With Payday Lenders Preying On Poor In Red States
- Thread starter Cinnabar
- Start date
“Pocahontas" wasn’t rejected by the Republicans but by Obama, right?
Althea
Althea told me...
Yes it was. What he's doing, is shoring up support from his billionaire donors. He knows that those who are negatively (the vast majority of the country) affected by his policies will not be voting for him.
PoliTalker
Diversity Makes Greatness
Hello nolongertolerant,
The age of the article makes no difference in value. The pertinent information has not changed.
The age of the article makes no difference in value. The pertinent information has not changed.
He also hopes that enough bellowing about "fake news" will convince the poor saps harmed by these predatory pay-day loan vultures that it's somehow not Trump's fault ... probably Obama's.
nolongertolerant
Verified User
That is completely incorrect. The OPS articles imply that changes were already made to the 2017 (Obama ruling when implemented). They were not. Nor have they been to this date. There are proposed changes ( not implemented) that have been delayed until Nov. 2020. It appears based on public response and actions by Congress will help decide if those take effect or not. Feel free to see it right on the CFPB's site. Where most educated people would go instead of some partisan blog.
https://www.consumerfinance.gov/payday-rule/
No, she was not. the reds made it plain there was no way they would permit her to head the CFPB. That is all she wanted . The reds convinced her to run for the senate. The Dems thank you for creating our next president.
Do you have a point?
Your side supports payday lenders, ours doesn't. Period, full stop.
Now die.
nolongertolerant
Verified User
Do you have a point?
Your side supports payday lenders, ours doesn't. Period, full stop.
Now die.
Yes. The OP is wrong and you have mental issues. Please, put me back on ignore. You are too stupid to converse with.
>___> seriousy?
warren and bernie are probably the worst ones for this. Dodd frank which they championed increased the market share of the 4 biggest banks from something like 10-11% to something like 50%. If they were too big to fail before they are too humongous to fail now.
You do realize that the reason why interest rates are this high is because banks wont touch these people because they have a very high likelyhood of default? Which means they will be defaulting on USPS.
countryboy
Verified User
I see, so you would rather leave poor people with no way to access cash in a hurry when they need it. Such compassion.
Adolf_Twitler
Verified User
It's a fact dumbass!
Althea
Althea told me...
That works on 30% of the country. He does it because it brings him the adoration he thrives on. His poll numbers give him the jones for positive affirmation.
You know the GOP blocked her appointment because I provided you with the facts, despite the fact that anyone with even one brain cell would have used common sense to figure that one out. Are you really that illiterate? Or just a very shameless liar? Or both?
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PoliTalker
Diversity Makes Greatness
Hello nolongertolerant,
Your point has nothing to do with the age of the OP articles, which are just as relevant today as when written. Your point has to do with the inherent bias of the OP articles. The articles contain no inaccuracy. They are merely written from a pro-consumer point of view, rather than the pro-financial-vulture point of view.
Actually 'vulture' is too nice a word for what this industry does. Vultures prey on the already deceased. These institutions prey on those who are very much alive, but exist by hanging from a financial thread. No consideration is given to whether or not these acts will force consumers into bankruptcy or ongoing and severe financial distress. The Obama rule which would do that was delayed by the Trump CFPB. The pertinent information from the OP articles has not changed in the duration from when the articles were written and now. The pertinent information being that the Obama CFPB protected consumers and delivered strong results, and the Trump CFPB has acted to protect powerful vulture capitalists, and delivered barely quantifiable results in protecting consumers.
When a powerful financial institution targets the weakest in society with no regard for their well-being it is a form of the strong kicking somebody weak when they are down. It's unConstitutional. This is a morally bankrupt violation of the great Preamble of our Constitution. This does not promote the General Welfare, it hurts it, promoting the selective welfare at the expense of others. This practice leads to extreme wealth inequality, which does not insure the domestic tranquility. The United States was not founded on the principle of the powerful preying on the weak. If it was, those words would be found in the Preamble. They are not. That actually sounds more like Russia, which thankfully, we are NOT.
We must fight for what is RIGHT. WE must fight for the AMERICAN WAY, as outlined in the PREAMBLE.
Supporting the Trump administration is like fighting for the Russian way.
Your point has nothing to do with the age of the OP articles, which are just as relevant today as when written. Your point has to do with the inherent bias of the OP articles. The articles contain no inaccuracy. They are merely written from a pro-consumer point of view, rather than the pro-financial-vulture point of view.
Actually 'vulture' is too nice a word for what this industry does. Vultures prey on the already deceased. These institutions prey on those who are very much alive, but exist by hanging from a financial thread. No consideration is given to whether or not these acts will force consumers into bankruptcy or ongoing and severe financial distress. The Obama rule which would do that was delayed by the Trump CFPB. The pertinent information from the OP articles has not changed in the duration from when the articles were written and now. The pertinent information being that the Obama CFPB protected consumers and delivered strong results, and the Trump CFPB has acted to protect powerful vulture capitalists, and delivered barely quantifiable results in protecting consumers.
When a powerful financial institution targets the weakest in society with no regard for their well-being it is a form of the strong kicking somebody weak when they are down. It's unConstitutional. This is a morally bankrupt violation of the great Preamble of our Constitution. This does not promote the General Welfare, it hurts it, promoting the selective welfare at the expense of others. This practice leads to extreme wealth inequality, which does not insure the domestic tranquility. The United States was not founded on the principle of the powerful preying on the weak. If it was, those words would be found in the Preamble. They are not. That actually sounds more like Russia, which thankfully, we are NOT.
We must fight for what is RIGHT. WE must fight for the AMERICAN WAY, as outlined in the PREAMBLE.
Supporting the Trump administration is like fighting for the Russian way.
PoliTalker
Diversity Makes Greatness
Hello tsuke,
Right. And interest rates reflect the risk to the loaner. Banks which would normally charge 6-12% interest on secured loans will not loan to people with poor credit. But there are some who would not qualify for bank loans who could pay back a reasonably rated temporary loan which would prevent them from losing a car or home, so there is a market. An equitable rate should be established for this kind of service. Something between the top bank rate and the 780% charged by the vultures. The only reason the vulture loaners get that rate is because they have no competition, they are greedy, and they have no concern for the well-being of their prey. The USPS could run a system at very little to zero profit, which would use the proceeds to ensure that the system is viable and provides a needed service. Since this would wipe out the vulture loaners who spend on lobbyists and visiting Trump properties, it is opposed by the Trump administration and the right who support Trump.
The purpose of government should be to promote the general welfare (as outlined in the Preamble.) Trump's CFPB is promoting the selective welfare, that of specifically those who spend at Trump properties. Obviously, this is not good for America. It is only good for the rich in America.
If Trump were to wake up one day and decide he is going to be a moral person who does the right thing, he would immediately resign and check himself into a psychiatric institution. He is not a good member of society. He thinks in order to be successful, one has to rip others and their government off. That's wrong. Every day Trump works, he hurts the USA. The sooner we are rid of him, the better the United States will be.
Right. And interest rates reflect the risk to the loaner. Banks which would normally charge 6-12% interest on secured loans will not loan to people with poor credit. But there are some who would not qualify for bank loans who could pay back a reasonably rated temporary loan which would prevent them from losing a car or home, so there is a market. An equitable rate should be established for this kind of service. Something between the top bank rate and the 780% charged by the vultures. The only reason the vulture loaners get that rate is because they have no competition, they are greedy, and they have no concern for the well-being of their prey. The USPS could run a system at very little to zero profit, which would use the proceeds to ensure that the system is viable and provides a needed service. Since this would wipe out the vulture loaners who spend on lobbyists and visiting Trump properties, it is opposed by the Trump administration and the right who support Trump.
The purpose of government should be to promote the general welfare (as outlined in the Preamble.) Trump's CFPB is promoting the selective welfare, that of specifically those who spend at Trump properties. Obviously, this is not good for America. It is only good for the rich in America.
If Trump were to wake up one day and decide he is going to be a moral person who does the right thing, he would immediately resign and check himself into a psychiatric institution. He is not a good member of society. He thinks in order to be successful, one has to rip others and their government off. That's wrong. Every day Trump works, he hurts the USA. The sooner we are rid of him, the better the United States will be.
Usury laws have been erased and the banks and money changers have found a way to charge astronomical rates to the poor and needy. This is financial exploitation and is wrong. Payday lenders should be ashamed and abolished. https://www.opensecrets.org/industries/summary.php?ind=f1420&cycle=All&recipdetail=H&mem=Y Money doesn't talk it swears....Dylan
Anyone who bitches about the power of money and the wealthy should be offended by Pay Day lending. It is a shining example of what goes wrong in America when greed determines policy. Nobody should back this. Politicians that do should pay with their jobs.
Anyone who bitches about the power of money and the wealthy should be offended by Pay Day lending. It is a shining example of what goes wrong in America when greed determines policy. Nobody should back this. Politicians that do should pay with their jobs.
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