Hawaii recently enacted HB 1192, which amends the state’s small dollar lending law by setting forth a new licensing requirement for installment lenders and specifies various consumer protection requirements.
from private lenders, that veterans would stop being targeted by installment lenders. he wanted to implement that law and put forward someone with impeccable credentials, endorsed by republican and democrat state attorney generals alike and who was held back not because of his credentials or differences with him but frankly because some people were trying to use the prevention of appointments as a way of nullifying a law congress just passed. neil: i m not going over ancient hest history but when president obamas was senator obama and the bush administration appointed john boatman to the united nations he was against that saying that s going against the constitution. i think of that along with the nrlv appointments and think he s
targeted by installment lenders. he wanted to implement that law and put forward someone with impeccable credentials, endorsed by republican and democrat state attorney generals alike and who was held back not because of his credentials or differences with him but frankly because some people were trying to use the prevention of appointments as a way of nullifying a law congress just passed. neil: i m not going over ancient hest history but when president obamas was senator obama and the bush administration appointed john boatman to the united nations he was against that saying that s going against the constitution. i think of that along with the nrlv appointments and think he s riding roughshod over things he held near and dear a few years
he has a tremendous record as attorney general of ohio. so i think this is really a philosophical debate the republicans are having. and it s so wrong headed in terms of the lessons we ve just learned. if there s one thing we should have learned from this financial crisis is you do not want to have financial supervision where a whole host of institutions that are dealing with average people have a hole where they don t have supervision. that s exactly what they re doing. the way the law was created is our new consumer watchdog cannot regulate so-called nonbank institutions. meaning payday lenders, credit institutions, debt collectors. they cannot regulate or supervise any of them until there is a director. so every day they hold this up, even while small community banks are playing by the rules, you ve got a so-called installment lenders preying on the families of veterans, charging them, seriously, 300% interest rates over a year. and we cannot do anything about