by Chris Calabrese, Politics PA, 3/7/16
John FettermanBraddock Mayor and Democratic Senate hopeful John Fetterman has called on DNC chair Rep. Debbie Wasserman Schultz to resign from her post after she co-sponsored a bill that would gut the Consumer Financial Protection Bureau’s forthcoming payday loan regulations.
The Consumer Financial Protection Bureau was established by President Obama in 2011 and was the brainchild of now Senator Elizabeth Warren.
“These predatory lenders often target low-income families and communities of color like Braddock, taking advantage of those who are economically unstable,” Fetterman said in an email to supporters.
“Republicans in Congress are fighting back with a bill to gut a new set of pending rules at the CFPB on the payday lending industry — and if you’re not shocked yet, wait for it: they’ve found a friend in Congresswoman and Democratic National Committee Chair Debbie Wasserman Schultz, who just signed on to co-sponsor the bill and is lobbying her Democratic colleagues to do the same,” he continued….
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