Tue Dec 31, 2013, 04:08 PM
n2doc (41,557 posts)
Texas state Sen. Wendy Davis calls for official's removal over payday lending views
Finance commission chairman also is Vice President of Cash America
By Marty Schladen / Austin Bureau
AUSTIN >> State Sen. Wendy Davis, the likely Democratic candidate for governor, on Monday called on Gov. Rick Perry to remove William J. White as chairman of the Texas Finance Commission.
Davis' call was in response to a story published in Sunday's El Paso Times concerning White's views about payday lending.
The finance commission, which White chairs, oversees the state agency that is supposed to protect Texans from predatory lenders, but White is also a vice president of Cash America, a payday lending company that was sanctioned by the federal government last month for violating the law and obstructing the investigation.
White claimed that Cash America voluntarily reported its violations and suggested ways to fix them.
He also said, in essence, that borrowers are to blame if they find themselves unable to repay Cash America payday loans that carry an annual interest rate of 533 percent.
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Texas state Sen. Wendy Davis calls for official's removal over payday lending views (Original post)
|white cloud||Dec 2013||#2|
Response to n2doc (Original post)
Tue Dec 31, 2013, 04:14 PM
Gothmog (25,760 posts)
1. Go Wendy
Only in Texas would it be okay for a pay day lender to be on the board of the group regulating pay day lenders.
Response to Gothmog (Reply #1)
Tue Dec 31, 2013, 06:59 PM
2banon (5,607 posts)
3. Not only sitting on the board, he's The CHAIR of the Finance Commission and Vice President of the
the freaking company! my god.
This morning, NPR's "All Things Considered" was reporting rampant corruption in the various governing officials in China, and how the public was being informed on quite bit of it, despite state sponsored media censoring these stories, due to various internet sites that go around their MSM.
The entire time I'm listening, I'm shaking my head as to why the same media operation (NPR) doesn't do the same level of coverage/reporting on the rampant governance corruption right here in the United States. This is a big deal. a very big deal. wtf?
Hope this story gets noticed.