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Debbie Wasserman Schultz plays both relative edges of payday lending

Debbie Wasserman Schultz plays both relative edges of payday lending

A week ago, Florida congresswoman and DNC seat Debbie Wasserman Schultz announced that she had been signing in as a genuine cosponsor for the Stopping Abuse and Fraud in Electronic (SECURE) Lending Act, which may prohibit payday loan providers from access borrowers’ bank accounts, close loopholes within the payday financing system and “ban lead generators and anonymous payday lending.” Somebody bill has additionally been introduced when you look at the Senate, featuring co-sponsors that are progressive Baldwin, Bernie Sanders and Elizabeth Warren, and others.