#PaydayLenders Gave Millions to #GOP Group That Backed #SupremeCourt Suit to Annihilate #CFPB, this case that could lead to the elimination CFPB
The #Republican #AttorneysGeneral Association (#RAGA) fought to help a Supreme Court case against the Consumer Finance Protection Bureau. Despite widespread approval among Republican voters to regulate or prohibit #paydaylending, Republican officials in more than 20 states are backing industry groups in the #lawsuit.
https://theintercept.com/2023/08/30/payday-lenders-supreme-court-cfpb-republicans/

This was a gas station until a visitor from #Chicago—bringing the #drugs south, bringing the #guns north—#murdered the man operating it while robbing him. Now it's another #LoanShark in #Mississippi. #PaydayLenders would still be illegal, if our public officials weren't getting their piece. So many murders here since, people barely remember.

Many of us are privileged to borrow money by walking into a bank and asking for a loan, but millions of Americans are denied that genteel experience.

Instead, working Americans increasingly rely on #PaydayLenders and other usurers who charge sky-high interest rates, on top of penalties and fees, trapping borrowers in an endless cycle of indebtedness. This is an historical sign of a civilization in decline: productive workers require loans to engage in useful activities.

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