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Posted

I thought Trump slayed the seedy payday loan industry?

https://www.consumerreports.org/consumer-financial-protection-bureau/cfpb-bids-to-relax-payday-loan-regulation/

The Consumer Financial Protection Bureau today proposed rolling back the key provision of an Obama-era lending rule designed to protect people taking short-term, high-interest loans, also known as small-dollar or payday loans.

Under the proposal (PDF), which amends the 2017 Payday Lending Rule, lenders would not have to confirm that their borrowers have the means to repay some types of loans. Eliminating the “ability to pay” requirement would affect loans with a term of 45 days or less. It also would target single-payment vehicle title loans, in which borrowers put up their cars or trucks for collateral, and longer-term, balloon-payment loans.
Posted (edited)

I read Hillbilly Elegy a while back  and that book made a pretty good argument in favor of payday lenders.  It’s basically made it clear that I just didn’t really understand what was going on with them. If you have no means for any sort of credit or finances or anything and you have $100 water bill due right now but payday is not for for five days away it seems perfectly reasonable to pay back $110 when you get paid.  Because the loan is so small it isn’t really interest we’re even talking about but paying the teller and whatnot.  Transaction fees.  The cost of doing business.   But that was a loan that made 10% in one week. annualized  that is a ridiculous number.  

Edited by SuingToGetAMessageBoard?
Posted
1 minute ago, Hank Kingsley said:

Trying to imagine the relentless Republican social media attacks from all the usual suspects if this was the wife of a former Democratic Senator and Presidential candidate. 

 

are those new jersey staties? jesus, those look like nazi uniforms.

Posted

Cindy McCain, who has an adopted child from Sri Lank herself, mistook a mixed-raced family in the airport as "child trafficking."

What a dumbass.

  • Like 1
Posted (edited)
4 minutes ago, hayden_horn said:

are those new jersey staties? jesus, those look like nazi uniforms.

Why the fuck are Chris Christie and NJ state troopers at a Cindy McCain press conference in the first place?

 

Edit:  nm.  It's from a 2014 thing on human trafficking McCain was speaking at.

Edited by lemonlime
Posted
1 hour ago, Js1 said:

Cindy McCain, who has an adopted child from Sri Lank herself, mistook a mixed-raced family in the airport as "child trafficking."

What a dumbass.

Katfided

Posted

Me:  There was this thing that Obama did that sort of kept him immune from scrutiny...

My friend:  Not grab women by the pussy?

Me: No, that's not it ...

My friend: Not praise Putin?

Me: No, that's not it ...

My friend: Not have negotiations to build a massive tower in Moscow while lying about it the whole time?

Me: No, that's not it ...

My friend: Release his income tax statements on a yearly basis?

Me: Bingo!

  • Like 2
Posted
5 hours ago, HenryJames said:

 

This fucking low life not only insinuated Obama killed a man, he flat out repeatedly said he was the FOUNDER of a world wide terrorist organization.....

and all the Trumpkins stood up and said YEAH THAT'S RIGHT!!!!

They have never apologized or corrected themselves or admitted by any standard that they flat out made all this shit up.

 

That is one of the many reasons that anyone that is a Trump supporter can go fuck themselves.  And any discussion or argument you that is pro Trump is a non starter.   I won't listen to it  

  • Like 8
Posted
30 minutes ago, Horn Under a Bad Sign said:

Me:  There was this thing that Obama did that sort of kept him immune from scrutiny...

My friend:  Not grab women by the pussy?

Me: No, that's not it ...

My friend: Not praise Putin?

Me: No, that's not it ...

My friend: Not have negotiations to build a massive tower in Moscow while lying about it the whole time?

Me: No, that's not it ...

My friend: Release his income tax statements on a yearly basis?

Me: Bingo!

The precedent all these investigations of Trump is setting is freaking crazy.  Especially considering they arent yielding much.  What's next?  Are we going to start investigations on every politician in the country?  Is the next DEM President going to take it lieing down when he is constantly under investigation?  Shit needs to end somewhere: unless, there is clear evidence a crime was committed what's the point of all of it?  And, yes I know the Republicans have investigated the DEM presidents.  Just saying the shit is getting out of hand...

  • Fuck You 33
Posted
The precedent all these investigations of Trump is setting is freaking crazy.  Especially considering they arent yielding much.  What's next?  Are we going to start investigations on every politician in the country?  Is the next DEM President going to take it lieing down when he is constantly under investigation?  Shit needs to end somewhere: unless, there is clear evidence a crime was committed what's the point of all of it?  And, yes I know the Republicans have investigated the DEM presidents.  Just saying the shit is getting out of hand...

Oh for fuck’s sake.
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