Politicians are pocketing campaign funds through the check-cashing industry and considering a policy change that is economically dangerous

Politicians are pocketing campaign funds through the check-cashing industry and considering a policy change that is economically dangerous

A staggeringly bad anti-consumer bill that will allow check-cashing shops to begin making loans is quietly winding its means through their state Legislature, advanced by lawmakers whom should be aware of better — and who occur to have obtained hefty contributions through the check-cashing industry.

It really is a prime exemplory instance of the bad aftereffects of profit politics, and something explanation a lot of people state things in Albany are rigged.

If authorized, the proposed Community Financial solutions Access and Modernization Act would bestow a designation that is new check cashers as “financial solutions providers” and present them the capability to expand credit, which has always been clearly prohibited under state legislation. Continue reading “Politicians are pocketing campaign funds through the check-cashing industry and considering a policy change that is economically dangerous”