MIAMI (CBSMiami/AP) вЂ” a fresh advertising slams Democratic nationwide Committee chairwoman Debbie Wasserman Schultz for perhaps not doing more to crack straight straight straight down in the predatory methods of this lending industry that is payday.
The group that is liberal Progress is investing $100,000 for tv advertisements that will start airing into the Miami market on Tuesday. The 30-second commercial criticizes her for co-sponsoring a bill that will delay the federal customer Financial Protection Board from managing the business enterprise.
Payday loan providers have traditionally been a target of critique by politicians and customer advocates, whom argue the industry costs interest that is extremely high to clients, who will be usually the poor. The industry has argued it gives a required service that is financial individuals in need of crisis funds.
The advertising features Wasserman Schultz saying вЂњpayday lending is unfortuitouslyвЂ¦ necessaryвЂќ during an April 10 meeting on CBS4вЂ™s вЂњFacing South Florida with Jim DeFede.вЂќ