Profiting from recession, payday loan providers spend larger to battle legislation

Profiting from recession, payday loan providers spend larger to battle legislation

Markets procedures up lobbying as Senate grapples with economic reform

Introduction

The influential $42 billion-a-year payday financing markets, thriving from the rise in crisis loans to someone struggling through the recession, was pouring record sums into lobbying, campaign efforts, and advertising – and having outcomes.

While the Senate prepares to use up economic reform, lobbyists will work to exempt organizations which make short-term cash loans from proposed newer federal laws and policing. (mehr …)

Weiterlesen Profiting from recession, payday loan providers spend larger to battle legislation