the banking institutions and credit Subcommittee regarding the House Financial solutions Committee will hold a hearing entitled вЂњShort-term, tiny Dollar Lending: the CFPB’s Assault on usage of Credit and Trampling of State and Tribal Sovereignty.вЂќ
In the event that you could maybe not inform through the name alone, the hearing is certainly not meant shed any light from the financial obligation trap numerous borrowers end up in after taking right out payday along with other short-term, high-interest loans. Alternatively, the payday financing industry’s allies in Congress are holding this sham of the hearing to strike the customer Financial Protection Bureau (CFPB) since it makes brand new guidelines to rein into the worst of the predatory loan providers.
Just like the people of Congress arranging the hearing, those being called to testify are allies of this payday financing industry. They consist of:
Thomas Miller: Scholar at Mercatus Center, a George Mason University Think Tank Founded and Funded by the Koch Brothers
Thomas W. Miller Is A scholar that is visiting with Mercatus Center at George Mason University.
вЂњThomas W. Miller, Jr., is a visiting scholar with the Mercatus Center at George Mason University, whose research study targets foreclosures when it comes to venture for the research of American Capitalism and a project on little buck loans for the Financial Markets Working Group. Read more “Cash Speaks: Meet With The Payday Business Cronies Testifying at Today’s Sham Congressional Hearing”