A payday lending CEO seemingly have reversed the customer Financial Protection Bureau for a critical guideline.
December 9, 2019
Nati Harnik/AP Picture
A check cashing storefront in Omaha, Nebraska
Sometime this thirty days, we shall discover whether the most brazen pay-to-play schemes for the Trump era paid down. We’ll learn just just what the rate that is going for changing a regulation. We’ll learn simply how much of our federal government is for purchase.
Also it’s all because of a man called Mike Hodges.
He could be the CEO of Advance Financial, one of several nation’s biggest payday lenders. Advance runs over 100 storefronts in Tennessee, and through its site, strapped borrowers in choose states around the world also can get a quick payday loan at a excessive rate of interest.
Hodges can also be a supporter that is proud of Trump, offering him $1.25 million since 2016, by his own admission. In reality, Hodges is possibly a touch too proud. You may understand their title due to a market webinar he took part in this September, reported on recently by The Washington Post. Read more