By Ann Brown
— Rachel GunterShapard (@RGunterShapard) April 17, 2018
Are payday lenders cozying up to Donald Trump? Protesters in front of Trump National Doral Golf Club, one of Trump’s resorts, earlier this week claimed so. Payday lenders were holding their annual convention there. The protesters who gathered outside of the resort, wanted to call attention to the industry they claim preys on the vulnerable, by lending them money at exorbitant interest rates as high as 200 percent to 300 percent a year.
For the protesters, the timing is more than coincidence, especially since the White House has eased up on regulations against payday lenders. “The Community Financial Services Association of America, a group that represents and lobbies on behalf of payday loan companies, booked the venue last year at a time it was actively seeking allies in Washington to undo tough new regulations on the industry,” the Miami New Times reported.
The protestors were from a variety of faith-based organizations and they help up signs calling for Trump and other political leaders to “Stop the Click here to read entire article