Kraninger’s announcement sparked euphoria in the industry. One industry blog proclaimed, “It’s party time, baby!” with a GIF of President Trump bobbing his head.
For example, a company called Amscot pushed for a new state law in Florida last year. Amscot courted African American pastors and leaders located in the payday loans in Hamilton districts of dozens of Democratic lawmakers and chartered private jets to fly them to Florida’s capital to testify, according to the Tampa Bay Times. Continue Reading As the wrangling over the federal regulation plays out, payday lenders have continued to lobby statehouses across the country
