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OpEdNews Op Eds    H1'ed 10/28/13

Predatory Lenders Fight Regulators With Offer of $500 Visa Gift Cards

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Lenders are offering Visa giftcards to stop "reckless regulators." (Courtesy of Flikr user moneyblognewz. CC 2.0)

Visitors this weekend to Townhall.com were welcomed with a pop-up advertisement soliciting a petition against the Obama administration. "Help us send 1 million letters to stop reckless regulators," the ad beckons, atop images of President Barack Obama and Attorney General Eric Holder.

The advertisement is sponsored by Consumers for Choices, a new group whipping up right-wing anger at the Obama administration for supposedly using his "Reckless, Elitist, Overzealous Regulators" to destroy "small-dollar" and tribal lenders. Visitors to the Consumers for Choices website, which is being advertised on conservative news portals like Townhall, are encouraged to contact their local representatives to send an angry pre-written letter. Consumers for Choices says their supporters will be automatically entered into a weekly raffle, with a grand prize $500 Visa gift card.

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LEE FANG  Lee Fang is a  reporting fellow with The Investigative Fund at The Nation Institute. He covers money in politics, conservative movements and lobbying. Lee's work has resulted in multiple calls for hearings in Congress and the (more...)
 
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