Leader Obama converse in regards to the marketplace and payday lending monday, at Lawson condition group College in Birmingham, Ala. (Photography: Jacquelyn Martin, AP)
WASHINGTON — President Obama pressed for stricter payday financing procedures wednesday as he defended the government’s consumer safeguards watchdog against Republican attempts to defund the department.
“the theory is fairly a wise practice: should you bring out revenue, you need to very first be sure that the debtor can afford to cover they down,” Obama said at Lawson status group institution in Birmingham, Ala., on monday morning, as outlined by a progress duplicate of his own talk. Continue reading “Obama forces payday loaning policies in Alabama”