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Posts Tagged ‘predatory lending

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.”

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Written by newspapertreeelpaso

March 25, 2009 at 11:38 pm