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Archive | Politics

Credit Card Rate Caps ‘Interest’ Obama and Clinton

While both of the Democratic contenders for the November Presidential nomination have a lot of good ideas, here’s one that we, at Debt Hacker, really like: cap usurious interest rates on credit cards.Where the two could not seem to agree on what that cap should be (Clinton proposes the cap at 30% but Obama feels [...] [...more]

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Cash Advance Lenders Cozy up to Politicians

You’ve probably heard of the health care lobby, the firearms lobby and the tobacco lobby but did you know that the payday loan industry has a lobby, too? Of course they do. In an article on Myrtle Beach Online, Aaron Gould Sheinin details how politicians, especially Democrats, are getting “plied with contributions”. In fact, it [...] [...more]

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