Hypocrisy from the NAACP
May 5, 2010 | alternatives, federal legislation, industry | Comments (1)From a Huffington Post article by NAACP President Benjamin Todd:
The NAACP agreed to end our lawsuit against Wells Fargo because we successfully negotiated an agreement that improves their practices and increases their transparency in ways that go far beyond what we could win in court.
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Next, we plan to return to systematically pursuing payday lenders like those we and our allies at the Center for Responsible Lending outlawed in Ohio and Arizona in 2008 where lenders were charging people interest rates of 400 percent.
So, Wells Fargo keeps offering payday loans while the NAACP participates in a campaign against its competitors, storefront payday lenders. In the name of transparency, the NAACP should tell the world the details of this deal they struck. Are they getting contributions from Wells Fargo? If not, what are they getting?
Comments»
zzzzzzzzzz oh sorry tried to listen to the naacp reasoning for going after payday lenders..zzzzzzzzzzzzz no im interested i promise zzzzzzzzzzzzzzzzzz oh oops whats the middle part again….Banks are excused and zzzzzzzzzzzzzzzzzzzzz oh and store front lenders that charge the same rates are bad..zzzzzzzzzzzzzzzz ok got it !!! zzzzzzzzzz wait thats stupid I MUST BE DREAMING………The media will have a field day showing the hypocrisy of this nonsense zzzzzzzzzzzzzzzzzz(fair media attention) zzzzzzzzz KEEP DREAMING ZZZZZZZZZZZZZZZZZZZZZZZZ