El Paso-centric info and commentary from the Center of North America

NPT Capitol: Shapleigh blasts CSAT’s blast

State Sen. Eliot Shapleigh responded to a Consumer Service Alliance of Texas press release earlier this week which accused him of using, “inflammatory, shameless and blatantly incorrect rhetoric to try to sway public opinion about short-term loan services in Texas.” [link]

Shapleigh said: “CSAT is a predatory lender lobby group. CSAT has one job: to guarantee 1,100 percent interest rates and obscene profits. All across Texas, CSAT and other predatory lobby friends have funded political campaigns to keep profits in their pockets. Predatory lenders have lost in Ohio, Georgia, Oregon and North Carolina, and will lose in Texas once people find out what they do.”


Written by newspapertreeelpaso

March 25, 2009 at 11:38 pm

4 Responses

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  1. Shapleigh is a self serving mean spirited Dumbocrat.


    March 26, 2009 at 10:15 am

  2. Richard offers nothing of substance other than self serving mean spirited comments.

    Corner Desk

    March 26, 2009 at 10:29 am

  3. Mr. Shapleigh paints all Payday Loans and Small term loan companies with the same brush. Bank fees and returned checks will rise. Banks can’t deal with small loans efficiently or profitably. Credit unions will laugh at you without having a car title as collateral. Another “we know what is best for you” politician. The owners of most small installment loan companies are local, pay taxes locally and own homes. Many low income people cash their checks for free at these companies for free.

    MR CK

    March 26, 2009 at 11:16 am

  4. MR CK, just because business owners are “local, pay taxes locally and own homes,” it doesn’t make them desirable. Do you support crack dealers (whose profits are turned into tax revenue through the state sales taxes) and prostitutes (who surely own homes)?

    Just because the market likes it, doesn’t make it right (When will you market-fascists get it?). Nincompoop.


    March 29, 2009 at 7:12 pm

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