NPR’s Ari Shapiro speaks to David Lazarus on the Los Angeles Times about their column describing a section nearby the
ARI SHAPIRO, VARIETY:
Republicans bring promised to undo Dodd-Frank, what the law states that Congress passed away to regulate marketplaces following 2008 financial meltdown. The House is considering a replacement costs called the Financial alternatives work. We’re going to see now at one-line hidden strong in that expenses. LA days columnist David Lazarus claims that range are a no cost pass for payday and automobile name loan providers. And David Lazarus joins all of us now. This is this program.
DAVID LAZARUS: thank-you truly.
SHAPIRO: This statement are 589 content long, in addition to phrase you discuss is found on webpage 403. Do you have it indeed there? Are you going to read it for us?
LAZARUS: I do contain it right here. And also the sentence is it – that federal authorities, estimate, “may perhaps not exercising any rulemaking, enforcement or any other power with respect to pay day loans, automobile subject debts and other comparable debts.”
SHAPIRO: Break separate that term for us – pay day loans, vehicle subject financial loans or any other similar financial loans. Continue reading “Dodd-Frank Substitution Expenses Delivers ‘Free Pass’ To Payday Loan Providers”