Talk about letting the Fox Guard the Hen House


tay
#1
State Sen. Wendy Davis, on Monday called on Gov. Rick Perry to remove William J. White as chairman of the Texas Finance Commission.





BUT WHY REMOVE HIM YOU MAY WONDER




The finance commission, which White chairs, oversees the state agency that is supposed to protect Texans from predatory lenders, but White is also a vice president of Cash America, a payday lending company that was sanctioned by the federal government last month for violating the law and obstructing the investigation.


He also said, in essence, that borrowers are to blame if they find themselves unable to repay Cash America payday loans that carry an annual interest rate of 533 percent.



more



Texas state Sen. Wendy Davis calls for official's removal over payday lending views - El Paso Times
 
55Mercury
+1
#2  Top Rated Post
wow. now there's a literal conflict of interest!
 
Highball
#3
Another example of why the US financial services system is so corrupt. Look at the big banks and their roles in government.
 
Christianna
No Party Affiliation
#4
It's texas
 

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