Moving Left, Debbie Wasserman Schultz drops her opposition to payday loan regulations
Source: Newsweek
Under pressure from activists, Democratic National Committee Chairwoman Debbie Wasserman Schultz is dropping her opposition to new federal guidelines that would rein in predatory payday lenders.
The new guidelines, announced by the Consumer Financial Protection Bureau (CFPB) on Thursday, would in many cases require lenders to verify borrowers income and ensure they can afford to pay back what they borrow. They would also prevent payday lenders from repeatedly withdrawing funds from borrowers bank accounts, resulting in heavy overdraft fees. Activists say the changes will curb predatory practices common in the payday lending industry. Opponents say the rules will gut the industry.
As a strong supporter and partner of the Consumer Financial Protection Bureau in Congress, I stand with the CFPB in its efforts to protect Americans from predatory lending. From the outset of this process, I have said that I trust the CFPB to do whats right for consumers, and these proposed rules are an important step towards that critical goal, Wasserman Schultz said in a statement. After reviewing the proposed rule, it is clear to me that the CFPB strikes the right balance and I look forward to working with my constituents and consumer groups as the CFPB works towards a final rule.
Wasserman Schultzs opposition to the rule came in the form of support for the Consumer Protection and Choice Act, written in anticipation of the new CFPB guidelines. The bill gives states with modest payday protections, like Florida, even more leeway, a move some say favors payday lenders. It was not immediately clear whether Wasserman Schultz would drop her support for the bill, now that she has endorsed the CFPB guidelines.
Read more: http://www.newsweek.com/debbie-wasserman-schultz-cfpb-payday-lending-466230
Feeling the heat, so to speak.
jtuck004
(15,882 posts)Hayduke Bomgarte
(1,965 posts)I could push a locomotive. Almost...
lewebley3
(3,412 posts)for his rejection.
phazed0
(745 posts)lewebley3
(3,412 posts)phazed0
(745 posts)SammyWinstonJack
(44,130 posts)Response to lewebley3 (Reply #15)
LiberalArkie This message was self-deleted by its author.
Bohunk68
(1,364 posts)haikugal
(6,476 posts)Ed Suspicious
(8,879 posts)to take on some level.
bjobotts
(9,141 posts)Wonder if she has to give back all the campaign donations from the payday loan industry?
Shadowflash
(1,536 posts)She will tell people what she thinks they want to hear to get, or keep, her job.
ThinkCritically
(241 posts)when we lost the senate and gave republicans congress. Yeah, great job DWS.
zentrum
(9,865 posts)
..lose the midterms?
Asked her to schedule debates on unpopular nights and to not schedule enough debates so the country could not see how great our debates were compared to the Repugs?
Asked her to stovepipe the most unpopular Democratic candidate in electoral history?
Asked her to alienate and insult the base?
Well, we agree on one thingshe is a symptom of an ailing Party.
lewebley3
(3,412 posts)of running the DC. The Democratic run their own campaigns:
and lost has been for a party is every ones responsibility
Obama is not advised by DWS about the democratic party: He is
the leader.
hollysmom
(5,946 posts)she is the one who does not let the DNC support any progressives - if you aren't a blue dog - you are out of luck - she is running the party into the ground - who many more seats do you want to see lost in congress? You can't blame gerrymandering on the senate they are state wide races and she lost the senate! She recruited republicans to run as democrats in Florida - she is running the DNC as the new republican party.
lewebley3
(3,412 posts)AntiBank
(1,339 posts)So many on here have truly jumped the shark.
In honour of that:
hollysmom
(5,946 posts)I believe Clinton said that was not possible and was just unicorns and rainbows. And I thought she supported Obama
AntiBank
(1,339 posts)lewebley3
(3,412 posts)AntiBank
(1,339 posts)House seats, 13 Senate seats under DWS.
DISASTER
Your projection of Sanders onto me betrays YOUR only reason for support of her is linked to Clinton.
She is a neoliberal DLC/3rd Way/Blue Dogger in progressive illusional disguise. She epitomises the unholy alliance of Dem power hierarchy to corporate and banking overlords.
Exilednight
(9,359 posts)lewebley3
(3,412 posts)Last edited Mon Jun 6, 2016, 01:00 PM - Edit history (1)
vote for Obama in the mid terms, Sanders followers are not reliable.
Exilednight
(9,359 posts)truebluegreen
(9,033 posts)You do amuse, I'll give you that.
lewebley3
(3,412 posts)truebluegreen
(9,033 posts)not showing up and thereby being responsible for losses: prior to 2015 the only "Sanders voters" in existence were in Vermont.
But now you think Obama is to blame?
Is DWS a relative?
lewebley3
(3,412 posts)lost because he is not a Dem and not a leader: that is was his choice:
Sanders people would attack anyone they can blame for the Sanders loss.
They even attack Dean this time for supporting Hillary.
phazed0
(745 posts)respond to what Hillary has done, not deflect to Sanders. I see.
mac56
(17,574 posts)At what?
Scruffy1
(3,256 posts)Unfortunately it's been a Pyrrhic victory. The younger voters are fleeing in droves and the Democratic Party is becoming the home of old white people like me. They showed up for Bernie, but a lot will be gone.
bjobotts
(9,141 posts)Chicago1980
(1,968 posts)As a Clinton supporter, I wouldn't throw too much shade towards Sanders supporters on this one.
She was wrong on who she sided with regarding this issue.
They weren't trying to make her a scapegoat, they were trying to convince her to do the right thing.
floriduck
(2,262 posts)sulphurdunn
(6,891 posts)"is the kindest, bravest, warmest, most wonderful human being I've ever known in my life."
Cassiopeia
(2,603 posts)is probably hanging out with the wrong crowd.
Zen Democrat
(5,901 posts)Jopin Klobe
(779 posts)... She'll beat you if she's able ...
Cobalt Violet
(9,905 posts)No one else could say she's done a good job and mean it.
JimDandy
(7,318 posts)because they are "reality based".... or perhaps just because it's a perposterous assertion.
lewebley3
(3,412 posts)it wouldn't matter who the chairman was Sanders people all looking
to blame anyone but Sanders.
AlbertCat
(17,505 posts)Oh god... lewebley fantasies again!
Are you sure she's not the most admired and loved woman in the universe?
Oh I'm sorry.... the 2nd most admired and loved woman in the universe.
Hoppy
(3,595 posts)Gore1FL
(21,151 posts)lewebley3
(3,412 posts)get his voters out to vote. Second Democrats run their own campagins:
the DNC doesn't have the money the GOP does.
Gore1FL
(21,151 posts)Your post is so laughable, I am just going to sit here and point at it and giggle.
Ichingcarpenter
(36,988 posts)I trust her until her next pay check comes in.
Check forgery.
Ed Suspicious
(8,879 posts)Ruby the Liberal
(26,219 posts)Okay then.
jzodda
(2,124 posts)and should resign.
The head of the DNC should remain neutral till the convention.
lewebley3
(3,412 posts)Gore1FL
(21,151 posts)I'd ask for links, but I know links don't exist for made-up nonsense. Just try to explain in your own words.
lewebley3
(3,412 posts)Gore1FL
(21,151 posts)or is this really the level of discourse I should expect?
jack_krass
(1,009 posts)a fixture on the speech giving circuit for the next few years..
lewebley3
(3,412 posts)jack_krass
(1,009 posts)lewebley3
(3,412 posts)CentralMass
(15,265 posts)Shadowflash
(1,536 posts)Under her watch a majority of state legislatures have become GOP controlled and the GOP holds a majority of governorships.
Good job, indeed.
Dr. Strange
(25,923 posts)truebrit71
(20,805 posts)She's been an unmitigated disaster...
lewebley3
(3,412 posts)truebrit71
(20,805 posts)Even before she rigged the debate schedule for her future boss....
Compare her record to that of Howard Dean and get back to me...
She's been fucking atrocious...
840high
(17,196 posts)Matt_in_STL
(1,446 posts)Wait for it
(20 posts)I'd hope so.
Gene Debs
(582 posts)lewebley3
(3,412 posts)Why should a campaign manager have to leave? Pretty sure Bernie gets to pick his own team. The facts are out there on DWS, so to blindly offer support in light of facts and tribulations to DWS.. please explain.
Ed Suspicious
(8,879 posts)Gore1FL
(21,151 posts)SammyWinstonJack
(44,130 posts)Wilms
(26,795 posts)Nice crowd.
AlbertCat
(17,505 posts)The one she lost.
tabasco
(22,974 posts)what side she's on.
blackspade
(10,056 posts)Is that supposed to be a joke?
Angel Martin
(942 posts)StevieM
(10,500 posts)and a few other places on the internet.
DWS' district was carried by Hillary Clinton by a margin of 68-31. It's not good territory for Sanders/Canova, and I seriously doubt that Debbie's primary opponent is as well-known as Sanders. The race is not expected to be remotely competitive.
AlbertCat
(17,505 posts)Neither was Hillary's.
StevieM
(10,500 posts)AlbertCat
(17,505 posts)She's already won..... too?
Do Clinton supporters have a time machine?
hollysmom
(5,946 posts)StevieM
(10,500 posts)race in that particular district (which went for Hillary, 68-31), not the DWS/Canova race.
StevieM
(10,500 posts)eom
LibDemAlways
(15,139 posts)finger to the wind resulting in flip flopping from the best.
Chicago1980
(1,968 posts)It may be a flip-flop, but it's a flip in the right direction.
Kelvin Mace
(17,469 posts)"Change I can believe in." I get enough opportunistic posturing from HRC.
LibDemAlways
(15,139 posts)by poll numbers. I'd prefer that politicians have core values that would lend them (no pun intended) to oppose the predatory practice of payday loans from the get-go.
Omaha Steve
(99,711 posts)Too late. Get her out of US Congress!
Donate to Democratic Underground for Tim Canova FL-23 here: https://secure.actblue.com/contribute/page/du4timcanova
Autumn
(45,120 posts)Delphinus
(11,840 posts)that "moving left"?
disillusioned73
(2,872 posts)Kelvin Mace
(17,469 posts)as soon as she is re-elected.
jwirr
(39,215 posts)Isn't her husband a banker? Wonder if he does payday loans?
thucythucy
(8,086 posts)Well, maybe not so difficult after all...
Gregorian
(23,867 posts)Third Doctor
(1,574 posts)She should have known better at the start. Supporting republicans in a election year while being the DNC Chair is another issue also. I'm sending more cash to her opponent.
Sunlei
(22,651 posts)Think any Republicans will vote for consumer protections?
JimDandy
(7,318 posts)Getting the corporatists in both parties out of Congress is priority 1.
Sunlei
(22,651 posts)We may ALL pass away from old age before republican damages are fixed for America.
thereismore
(13,326 posts)yallerdawg
(16,104 posts)Another example of upper-class values and sensibilities informing our decisions relative to 'the poor'?
Kill the high-risk payday finance business? Back to 'loan sharks.'
Against exploitative state lotteries and casinos? Back to 'numbers' and 'illicit gambling.'
Same as outlawing legal abortion! It won't stop abortion - just makes it unsafe and illegal.
So DWS looks for "a right balance." Sounds to me like a Democrat.
AlbertCat
(17,505 posts)Yeah.... one who also supports Repugs.... and lost for the Dems big time.
And as we all know from experience, all Repugs want is to work with Dems for "a right balance".
Perhaps your dawg is the wrong color.
yallerdawg
(16,104 posts)Only in the upside down world of DU would so many Democrats be tossed aside for the 'confirmation bias' associated with a single candidate.
Scalded Nun
(1,239 posts)If reelected she will be right back to business as usual, which is not advocating for citizens.
frylock
(34,825 posts)Take note, Hillary Supporter.
LittleGirl
(8,291 posts)yurbud
(39,405 posts)safely past the reach of voters on election day.
Count on it.
JimDandy
(7,318 posts)yurbud
(39,405 posts)Sunlei
(22,651 posts)Here's her page for those who may not realize she's a member of the House.
https://wassermanschultz.house.gov/#dialog
06/03/16
Wasserman Schultz Statement on Release of CFPB Proposed Rules
Washington, DC U.S. Rep. Debbie Wasserman Schultz (FL-23) issued the following statement today after the Consumer Financial Protection Bureau (CFPB) released its proposed rules related to small-dollar lending:
As a strong supporter and partner of the Consumer Financial Protection Bureau in Congress, I stand with the CFPB in its efforts to protect Americans from predatory lending. From the outset of this process, I have said that I trust the CFPB to do whats right for consumers, and these proposed rules are an important step towards that critical goal.
I am pleased that the proposal includes lender reporting requirements to track loans and assess each borrowers ability to repay. Florida has tracked loan data for over ten years and it has been pivotal in protecting consumers and helping to end the cycle of debt for many. The CFPB proposal also curbs the abusive lending practice of repeatedly attempting to withdraw funds from consumers accounts. This practice results in heavy overdraft fees for borrowers, and I support the CFPBs plan to help rein it in and preserve access to credit without the burden of unexpected costs.
After reviewing the proposed rule, it is clear to me that the CFPB strikes the right balance and I look forward to working with my constituents and consumer groups as the CFPB works towards a final rule.
phazed0
(745 posts)President Obama was right when he condemned predatory payday lenders for trapping hard-working Americans into a vicious cycle of debt with interest rates of 300 percent, a narrator says. But now Debbie Wasserman Schultz is joining Republicans in standing up for payday lenders after she received over $68,000 in campaign cash from them.
Let us not forget Warren is the key architect of the CFPB and she says:
http://www.politico.com/story/2016/06/wasserman-schultz-elizabeth-warren-payday-lending-223802#ixzz4AXgSAyNl
When emergencies arise people need access to credit, but payday lenders that build business models around trapping people in a never-ending cycle of debt are throwing bricks to a drowning man, Warren said at a Senate Banking Committee hearing in April.
So why is DWS voting for a REPUBLICAN BILL to defer requirements?
The bill, authored by Florida Republican Rep. Dennis Ross, also calls on the agency to defer to requirements that state legislatures set on the lenders. It has lingered in the House Financial Services Committee despite Wasserman Schultzs attempts to rally Democrats to get behind the measure.
Wasserman Schultz has said she supports the CFPB and has pushed back against Republican attempts to gut the bureau. But she has defended the bill, which she says would push the pause button while other states enact measures like Floridas. Advocates say Floridas laws havent gone far enough, and the Sunshine State has remained a hub of business for an industry that has faced crackdowns from state legislatures around the country.
"Voting with the D's" - Yeah, OK.
Sunlei
(22,651 posts)R and D vote? you'll have to research directly and not take any medias report for it. perhaps if you have the bill number you can look the bills up on our Congress website.
Sometimes even Rs vote for bills started by Ds.
Gene Debs
(582 posts)stand up and walk in horror if he saw some of the right-wing crap being pushed by some who call themselves "D"s.
Sunlei
(22,651 posts)Blue_Tires
(55,445 posts)BillZBubb
(10,650 posts)Change your position for the campaign, then switch back after the suckers have voted for you.
freebrew
(1,917 posts)SusanCalvin
(6,592 posts)But I'm glad it worked.
phazed0
(745 posts)DWS has taken payday lender money, pushed for a Republican bill (Dennis Ross, FL) and has failed to rally D's behind her and her republican bill - against the CFPB..
Looks to me like she was happy with corruption, IMO.
How do I know that no pressure or shaming should have been necessary? Because she shouldn't have supported those vultures in the first place.
Or do you mean how do I know it worked? Well, I guess you have me there, because I sure don't trust her.
phazed0
(745 posts)no pressure or shaming would have been necessary for her to change her stance. I was going to contend that that was exactly why we see a change now.
We seem to be on the same page, or at least, within the same binding!
Cheers!
EndElectoral
(4,213 posts)AllyCat
(16,222 posts)usaf-vet
(6,207 posts)She needs to go now. She is as bad as most republicans. She will say whatever she needs to to stay in office. Don't trust her EVER!
Gomez163
(2,039 posts)positive. Then all of a sudden every story about her was negative. She used to be part of a group of young congresspeople that would hold discussions on C-Span in the House chamber. She was great. Then the negativity started.
SusanCalvin
(6,592 posts)Just because she was on talking head shows doesn't make her great when you get to know her.
LibDemAlways
(15,139 posts)principles and even some Republican candidates. She's bern very effective in getting Republicans elected, too. The worst possible choice for heading up the DNC. The enmity toward her is well deserved. She's awful.
GummyBearz
(2,931 posts)Geez... I would ask what else you don't understand but I'm afraid of the answers I may get
dinkytron
(568 posts)abelenkpe
(9,933 posts)afertal
(148 posts)"DWS Tosses a Bone to Sander's Supporters"....
saidsimplesimon
(7,888 posts)Many thanks to those who understand DWS is a pyrotechnic influence.
QC
(26,371 posts)Yet much of the reaction here has been that only meanies would dare criticize any Democratic office-holder, much less run against one.
Looks like it actually worked, though.
Imagine that!
too late deb, we've already got your number!
bonemachine
(757 posts)My morning wake up call was a 7:14am robo-call letting me know that I was pre-approved for a 1500$ payday loan.
I know they have the number because it belonged to someone before me, presumably the woman who I regularly get collections calls for.
Fucking scum...
Eleanors38
(18,318 posts)Not much
notadmblnd
(23,720 posts)It only exploits the poor and in my opinion doesn't need to exist.
turbinetree
(24,720 posts)Since 2009, the Democratic Party has lost 69 House seats, 13 Senate seats, over 900 state legislative seats and 12 governorship's.
Who has been in charge of the DNC since this time?
I my litmus test for a democrat has been economics, always has been and always will, my FDR mother and father supporters taught me this simple lesson.
I have a problem when the some individuals "voted" for the TPP, and is some cases voted for other "trade deals" and there record of losing congressional seats is not Sander's or his supporters fault, party members within the DLC and the Third Way mantra voted against the working class and supported the corporate suits.
Her back tracking on the pay day lender issue, tells me that Tim Canova has put her seat in play within Congress, she is fighting for her political survival---------------------you know you have a problem when you will not have a sanctioned debate with your opponent.
Honk---------------------for a political revolution Bernie 2016
Ilsa
(61,698 posts)who are trying to take control of the CFPB Board of Directors? They have several tricks up their sleeves to try and disable the CFPB.
Dont call me Shirley
(10,998 posts)Javaman
(62,534 posts)Initech
(100,102 posts)Ruby the Liberal
(26,219 posts)Nice pivot, no cigar. I trust you as far as I could toss you.
I will re-register with the party when you are LONG gone from any form (or scent) of leadership.
Here's hoping Tim Canova cantors you from "public" service this summer.
sinkingfeeling
(51,473 posts)trudyco
(1,258 posts)First Obama and Bernie have a talk.
Then rumors that DWS may need to go.
Then Obama suddenly acting like a semi progressive Dem and now DWS?
Is this the crumbs Bernie is going to get for giving up and trying to unite us?
Or is this a DLC attempt to unite us with or without Bernie?
So little so late. It's not a bad thing, it's just not a very big good thing.
n2doc
(47,953 posts)So they are free to ignore the liberal side when they are done with their dirty work.
Marrah_G
(28,581 posts)Doctor_J
(36,392 posts)I guess we know where she learned that.
LiberalLovinLug
(14,176 posts)http://thehill.com/blogs/ballot-box/house-races/281503-major-progressive-group-backs-wasserman-schultzs-primary
A major progressive grassroots group is endorsing the primary challenger of Rep. Debbie Wasserman Schultz (D-Fla.), accusing the chairwoman of the Democratic National Committee of being in the pocket of wealthy interests that promote income inequality.
Democracy for America on Friday announced its support for Tim Canova, a Florida law professor challenging Wasserman Schultz in the Florida's 23rd Congressional District.
http://www.sun-sentinel.com/news/politics/fl-wasserman-schultz-money-challenger-20160520-story.html
Money pouring in to Wasserman Schultz-Tim Canova primary contest
https://www.washingtonpost.com/news/the-fix/wp/2016/05/23/can-bernie-sanders-help-knock-off-debbie-wasserman-schultz/
Can Bernie Sanders help take down Debbie Wasserman Schultz?
Matt_R
(456 posts)I read the headline and thought someone mistaken an article from The Onion. Just wow...
libodem
(19,288 posts)Good.
leftinportland
(247 posts)islandmkl
(5,275 posts)Since 2008 Democrats have lost:
69 House seats
13 Senate seats
910 Legislative seats
30 State legislative chambers
12 Governorships
GRhodes
(162 posts)She isn't "moving left". She got paid to do what she did and realized the optics were bad. Think she would be doing an about face if the activist didn't shame her? Moving left is to have an ideological conversion or change on some level, to see the world differently on some level and to have some type of change in morals. Not doing something because of the optics or saying things in some speech is not "moving left". This "moving left" person has thrown open the doors to corporate interests at the Democratic convention. I hope that people pay attention to that. I'm sure she's realized the error of her ways in that regard as well? LOL!