DNC chair targeted in ad over payday lending bill
By SERGIO BUSTOS The Associated Press
First Published 5 hours ago • Updated 1 hour ago
In this photo taken March 21, 2016, Democratic National Committee (DNC) Chair, Rep. Debbie Wasserman Schultz, D-Fla is interviewed in New York. Seeking to defuse tensions, the DNC said Friday, May 27, 2016, it will hold public hearings around the country to develop the platform for its summer convention, a focal point for supporters of presidential candidate Bernie Sanders. Wasserman Schultz announced that a 15-member platform drafting committee will hold hearings in Washington on June 8-9, Phoenix on June 17-18, St. Louis on June 24-25 and Orlando, Florida, on July 8-9, about two weeks before the Philadelphia convention. (AP Photo/Richard Drew)
Miami • A liberal group is spending $100,000 in television ads in South Florida to call out embattled Democratic National Committee chairwoman Debbie Wasserman Schultz for not cracking down harder on what many call the predatory practices of the payday lending industry.
Allied Progress, in its 30-second ad, uses the congresswoman's recent appearance on a local public affairs show to slam her for co-sponsoring a bill that would delay the federal Consumer Financial Protection Board from regulating the business.
The ad features Wasserman Schultz saying "payday lending is unfortunately... necessary." It begins airing Tuesday in the Miami TV market.
Critics say payday lenders charge extremely high interest rates to mostly poor customers. The industry has long argued it provides a necessary financial service for those in need of emergency funds. |
