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Payday Lenders have Pal during the White home

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Payday Lenders have Pal during the White home

During a recently available look on “Meet the Press,” unofficial Trump consultant Corey Lewandowski called forthe elimination of Richard Cordray as director associated with customer Financial Protection Bureau.

Their declaration appeared to leave nowhere, prompting NBC’s Chuck Todd to get a reason: Did Lewandowski occur to have “a customer that wants” Cordray fired?

“No, no,” he insisted, “I haven’t any consumers whatsoever.”

That denial that is emphatic unchallenged for just two times – before the New York instances revealed Lewandowski’s ties to Community solution Financial, an Ohio-based business which was an important customer of their previous consulting company before providing their brand new company a $20,000-a-month retainer for “strategic advice and counsel.”

Community Selection is just one of the country’s biggest players in the wonderful world of triple-digit-interest payday and money loans. Majority-owned by Diamond Castle Holdings, a personal equity company with $9 billion in assets, the organization has a lot more than 500 storefronts and does company (factoring with its online as well as real operations) in 29 states.

The company’s CEO has described the customer Bureau as “the great Darth Vader” for the government, as well as the way to obtain that ill-feeling is ordinary to see. Read More

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