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Charlene Crowell: Consumer Groundswell Calls for End to Bank-supported Predatory Loans

Last October during the throes of the COVID-19 pandemic and its rippling economic downturns, a key federal financial regulator adopted a rule that blesses the “rent-a-bank” scheme where predatory lenders partner with banks to evade state interest rate limits.
Known as the “True Lender” rule, the Office of the Comptroller of the Currency (OCC) gave a green light to predatory lenders. It effectively overrides a string of state laws in almost every state enacted to end abusive payday, car-title, and installment loans with explosive interest rates of more than 100%.
Taking effect in late December 2020, the rule facilitates a scheme whereby payday and high-cost installment lenders pay fees to banks for use of their name and charter to dodge state interest rate laws by claiming the bank’s exemption from those laws for itself. ....

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Wis. Senator Speaks Out After Saying Capitol Rioters Would Have Worried Him If They Were with BLM

Wis. Senator Speaks Out After Saying Capitol Rioters Would Have Worried Him If They Were with BLM
People
4 days ago
© Provided by People
GREG NASH/POOL/AFP via Getty Sen. Ron Johnson
After facing Democratic backlash in his home state for saying he didn t feel threatened during the deadly U.S. Capitol riot but would have if the protestors had been Black Lives Matter supporters, Wisconsin Sen. Ron Johnson is not changing his mind.
The
Wall Street Journal, the Republican lawmaker said he won t be silenced by the Left.
Only about 800 people illegally entered the Capitol. Still fewer engaged in violent acts. I condemned those lawbreakers at the time and continue to do so, Johnson, 65, wrote. But I feel compelled to push back as Democrats and their media allies try to equate the two groups by implying that all present were armed insurrectionists determined to overthrow the government. ....

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Senator Criticized for Forcing Delay with All-Night Reading of 628-Page COVID-19 Relief Bill

"I hope he enjoyed his Thursday evening," Senate Majority Leader Chuck Schumer joked after Sen. Ron Johnson forced an overnight read-thru of the COVID-19 relief bill ....

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Senator Criticized for Forcing Delay with All-Night Reading of 628-Page COVID-19 Relief Bill

Senator Criticized for Forcing Delay with All-Night Reading of 628-Page COVID-19 Relief Bill
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Ted Cruz Hands Out Water After Cancún Trip Backlash as His Daughters' Private School Speaks Out

Ted Cruz Hands Out Water After Cancún Trip Backlash as His Daughters Private School Speaks Out
People
2/21/2021
© Provided by People
Ted Cruz/Instagram Ted Cruz
Sen. Ted Cruz handed out water to residents in Texas over the weekend after he received backlash for his decision to vacation in Cancún, Mexico, with his family as the state battled snowstorms.
Cruz, 50, shared a series of photos on Instagram and Twitter Saturday that featured the Republican politician loading cases of water bottles into cars. Millions of Texas residents are still suffering without electricity, heat, clear water and food due to winter storm Uri. ....

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