Here’s The Dodgy Payday Lender Behind That ‘Grassroots’ White House Petition

‘But when a petition popped up containing details about payday lending regulations proposed by the Consumer Financial Protection Bureau, something other than a grassroots goof-off was clearly in the works. The petition — which has crossed the 100,000 signature threshold mandating a White House response — reads like a list of industry talking points written from the perspective of an aggrieved consumer.

“These rules will limit our access to payday and other short-term loans and take away our financial freedom,” the petition reads. “The rules won’t apply to other forms of credit, so why are we being unfairly targeted? … How we manage our money is our responsibility — not the federal government’s. … Regulation that makes it nearly impossible for us to obtain or to qualify for a small loan is the same as eliminating these loans.”

Thanks to some sloppy website management by the California Financial Services Providers Association, we now know precisely which company was driving the effort.’

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