Idyllic school

Payday loan company ALEC gets reprieve under Trump administration

American Legislative Exchange Council (ALEC) member companies are profiting from the Trump administration’s deregulation frenzy. The CAFTA is of course the corporate invoice mill that provides a library of lobbyist-drafted or approved “model legislation” to lawmakers in right-wing states across the country. Advance America is the largest payday loan lender …

Read More »

Payday loans target those without cash

Maybe it’s time to admit daddy knew best. After talking to both sides about the payday loan rules battle, I can’t help but go back to my father’s regulatory regime. Two words dictated his approach to managing his finances: “Pay cash”. No one, not even the Consumer Financial Protection Bureau, …

Read More »