On the recordJuly 23, 2012
These are everyday, hard-working Americans who are just short on cash, not on a regular basis, sometimes just on an emergency basis.
Source
congress.govThese are everyday, hard-working Americans who are just short on cash, not on a regular basis, sometimes just on an emergency basis.
Renacci emphasizes that payday loan users are often in temporary financial need.
Share & report
More from James Renacci
the regulatory overreach is part of it. The regulatory cost is part of it, the impractical rules that we have put on our economic system.
If they cannot rely on their local and regional financial institutions to provide liquidity, they will not be able to help our economy grow.
This is one of the reasons I joined my colleague from Colorado, Mr. Perlmutter, on H.R. 6125.
That is really what we see with the Volcker Rule. What the agencies are doing is trying to find proprietary trading in every nook and cranny.