We sell our families short when we accept that high-interest loans are the best we can do for our communities.
Editor's note · Context
Hinojosa criticizes high-interest loans as harmful to families.
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I want to ask you, Mr. Secretary, looking at the Republican party's Paul Ryan proposed budget would most likely result in significant cuts to federal education programs that I am talking about.
I come from a Mexican American family and that practice is a European practice that you don't borrow money, you save money and you pay for it in cash.
I doubt that such a change would help improve our economy and that credit unions have the capital to engage in complex commercial lending.
In this economic climate, it is imperative that our Nation create jobs, protect the rights of American workers, and prepare youth and adults for family-sustaining jobs.





