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Debbie Wasserman Schultz’s Pay Day Loan Flip Flop Can’t Save Her Job

Debbie Wasserman Schultz’s Pay Day Loan Flip Flop Can’t Save Her Job

DNC seat’s desperate efforts attest to your energy of Bernie Sanders’ campaign

Democratic Nationwide Committee Seat Rep. Debbie Wasserman Shultz. (Picture: Chip Somodevilla/Getty Graphics)

After main-stream news outlets recently began reverberating exactly exactly what Bernie Sanders’ supporters have now been saying about DNC seat Debbie Wasserman Schultz for pretty much a 12 months now, wasserman schultz has gone into harm control to truly save her job.

Among Wasserman Schultz’s stances considered many controversial by other Democratic peers is her opposition to federal recommendations established by the buyer Financial Protection Bureau to modify predatory lenders that are payday. Payday loan providers offer short-term loans to borrowers at high rates of interest, usually being a resort that is last people in low-income communities. Debbie Wasserman Schultz’s opposition into the tips is associated with $68,000 in campaign contributions she’s got gotten from payday loan providers, in line with the Center for Responsive Politics. Her Democratic primary challenger, Tim Canova, has utilized the contributions along with her opposing stance to your directions as a way to contrast the essential difference between the two applicants. a group that is liberal Southern Florida has also dubbed her “Debt Trap Debbie.”

On June 3, in a declaration released on Twitter, Debbie Wasserman Schultz flip-flopped her opposition into the loan that is payday.

“As a good supporter and partner regarding the customer Financial Protection Bureau in Congress, we stay with all the CFPB with its efforts to guard Americans from predatory lending,” stated Wasserman Schultz, whom falsely included she’s supported the CFPB’s efforts to modify payday loan providers, but had been certainly one of 24 co-sponsors of the bill that will rebel the proposed guidelines. Continue reading Debbie Wasserman Schultz’s Pay Day Loan Flip Flop Can’t Save Her Job