Lawmakers press for small business loans for payday lenders

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A bipartisan group of lawmakers is pressing the Trump administration to let payday lenders gain access to small business rescue money, going to bat for companies that have been accused of engaging in predatory behavior toward lower-income people

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Payday lenders weren't explicitly mentioned, but a spokesperson for Rep. Blaine Luetkemeyer , one of the lawmakers who led the letter, confirmed the intent was to include them in the request.companies provide their constituents with access to financial services "Yet these businesses have been shut out completely from the PPP, which has forced many of them to lay off their highly trained employees who would have preferred to keep their jobs than seek government unemployment assistance," the lawmakers said.

The lenders are among many industries lobbying to gain access to the $670 billion small business loan program, which has proven to be one of the most popular and also most controversial economic aid efforts launched during the Covid-19 pandemic.

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Let me guess, bipartisan means many HouseDemocrats and one HouseGOP who wants to read the bill... More dumocrates spending taxpayers money

No! These are the absolute worst predators in the money system.

Sounds like some lawmakers have been receiving some money.

HELL NO

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