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Nonprofit team targets Wasserman Schultz over payday loan providers

Nonprofit team targets Wasserman Schultz over payday loan providers

Allied Progress is hammering National that is democratic Committee Debbie Wasserman Schultz in a tv advertising which will start airing Thursday for “sabotaging” President Barack Obama’s efforts to keep payday loan providers accountable.

The 30-second spot, entitled “Debt Trap Debbie,” will broadcast when you look at the Florida representative’s South Florida district through the state’s March 15 primary.

“President Obama had been appropriate as he condemned predatory payday loan providers for ‘trapping hard-working People in the us right into a vicious cycle of financial obligation’ with interest levels of 300 percent,” a narrator says. “But now Debbie Wasserman Schultz is joining Republicans in standing for payday loan providers from them. after she received over $68,000 in campaign money”

Allied Progress, a nonprofit research company that targets unique passions, is investing almost $100,000 when you look at the initial stage of its campaign in the cable purchase and electronic advertisements in Washington, D.C., and Florida’s 23rd Congressional District, a place which includes components of Broward and Miami-Dade counties.

The business contends Wasserman Schultz has gotten $68,000 in governmental contributions from payday lenders — including $28,000 throughout the 2010 election period and $5,000 this period. On two occasions, Allied Progress stated, Wasserman Schultz has gotten thousands in governmental contributions quickly before or soon after using pro-industry action.

“The distinction between Debbie Wasserman Schultz’s relationship with payday loan providers therefore the normal borrower’s relationship with moneylion loans payment plan payday loan providers could never be more stark,” said Karl Frisch, executive manager of Allied Progress. “Rep. Wasserman Schultz is benefiting significantly while borrowers are kept keeping the case. (more…)

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