REP. GEOFF DAVIS (R-KY)
Republicans love nothing better than to talk tough about supporting the troops. It's their bread and butter play; a key component in the kanard that the GOP is more suited to national security issues then Dems. But for what this Davis bastard is doing, he should be taken out back and publicly shamed.
As you may or may not be aware, being a soldier is not necessarily the highest paying job to be had in America. Sometimes money can be tight in a military household and sometimes it becomes inevitable that a little help may be needed. Enter the predators. Payday loan operations provide quick cash until a paycheck comes in, but the money is provided at a cost of sometimes 400% interest on the loan. More from Think Progress:
A Pentagon report last month found that as many one in five U.S. service members “are being preyed on by loan centers set up near military bases” that can charge interest of 400 percent or more. Increasingly, soldiers have debt levels so high they are barred from serving overseas; others suffer from “bankruptcies, divorces and ruined careers.” (More facts HERE.)Bad stuff, right? Well, something is trying to be done to remedy this in Congress. An amendment with bipartisan support from Republican Jim Talent and Democrat Bill Nelson would place a maximum cap of 36% on these types of loans to members of the military.
Enter Geoff Davis. Seems he's got friends in high places who don't like this bill and are looking for him to neuter it for them. Continued from TP:
Davis has proposed his own language — praised by the payday lending industry — that sets no real limits on predatory lenders. One of Davis’s aides admitted last week that he consulted on the legislation with “CNG Financial of Mason, Ohio, one of his top campaign donors and owner of national payday lender Check ‘n Go.”I gotta wonder how a piece of human waste like this guy actually sleeps at night. He's complicit in ploy to outright steal money from members of our armed forces. The Dems get called traitors because they want a plan for bringing our troops home but this sorry excuse conspires to weaken our military by attacking them in their homes and he's supporting the troops like all good Republicans do. Disgraceful.