black dog
Free America
You mean 'squirted' away.
. I'll take your word for it, I've never seen her in a porno.
I didn't care when they came for Porn Stars, I wasn't one ..
- Thread starter GURPS
- Start date
. I'll take your word for it, I've never seen her in a porno.
New Documents Reveal How Obama Unjustly Targeted Payday Lenders
These industries included industries that the Obama administration didn't approve of — namely firearms, fireworks, and payday loans.
Information on the program was sketchy — few documents were public. But now we know a lot more about this political witch hunt due to letters subpoenaed in the court case Advance America et al. v Federal Deposit Insurance Corp. et al.
These letters show that FDIC regional directors were specifically targeting the payday lending industry, and their rhetoric reeks of bias. One director referred to the industry as a "dirty business" and told his staff that he must be informed if "(a)ny banks even remotely involved in payday (lending)." FDIC officials told one bank that it was "unacceptable" for the bank to continue to serve payday lenders.
In fear of potential retaliation, banks caved to FDIC officials' pressure. Sadly, many payday lenders paid the ultimate price when their banks and credit lenders, sometimes out of the blue, cut their access to credit and even closed their accounts. The impact was staggering: Advance America, the plaintiff mentioned in the above lawsuit, received termination notices from 21 banks and 275 rejection letters. Banks often gave no reason why they were terminating relationships.
What's more disturbing is FDIC officials seemed to cover their tracks by ensuring that the entire decision to terminate the bank's relationship with the lenders fell back onto the bank, and not the government. Payday lenders, without access to credit or bank access, were soon folding at record rates — and their customers had no idea why.
These industries included industries that the Obama administration didn't approve of — namely firearms, fireworks, and payday loans.
Information on the program was sketchy — few documents were public. But now we know a lot more about this political witch hunt due to letters subpoenaed in the court case Advance America et al. v Federal Deposit Insurance Corp. et al.
These letters show that FDIC regional directors were specifically targeting the payday lending industry, and their rhetoric reeks of bias. One director referred to the industry as a "dirty business" and told his staff that he must be informed if "(a)ny banks even remotely involved in payday (lending)." FDIC officials told one bank that it was "unacceptable" for the bank to continue to serve payday lenders.
In fear of potential retaliation, banks caved to FDIC officials' pressure. Sadly, many payday lenders paid the ultimate price when their banks and credit lenders, sometimes out of the blue, cut their access to credit and even closed their accounts. The impact was staggering: Advance America, the plaintiff mentioned in the above lawsuit, received termination notices from 21 banks and 275 rejection letters. Banks often gave no reason why they were terminating relationships.
What's more disturbing is FDIC officials seemed to cover their tracks by ensuring that the entire decision to terminate the bank's relationship with the lenders fell back onto the bank, and not the government. Payday lenders, without access to credit or bank access, were soon folding at record rates — and their customers had no idea why.