Pay day loan pitchman Montel Williams to accomplish Obama jobs event

Pay day loan pitchman Montel Williams to accomplish Obama jobs event

President Obama often rails up against the high-interest loans industry — but that did not stop payday loan pitchman Montel Williams from being tapped to headline an event for the president’s jobs council event next Wednesday in Atlanta.

That is the sorts of lender Obama was targeting as he installed Rich Cordray as director of the new Consumer Financial Protection Bureau in a recess appointment that is controversial.

“If you’re a mortgage company or a payday lender or a credit card issuer, the occasions of signing people up for products they can’t afford with confusing forms and deceptive practices are over,” the president explained in his State associated with the Union address.

The company and its own lawyer declined to respond for comment.

Williams won’t be telling students at Georgia Tech next about how to snag a $1,000 loan overnight wednesday. He shall be moderating a panel with Intel CEO Paul Otellini and NASA Administrator Charles Bolden to market engineering education.

Intel spokeswoman Lisa Malloy said the company picked Williams to guide the discussion as a result of his background as a U.S. Naval Academy-trained engineer.

Williams is “enthusiastic about participating in an jobs panel that ensures the continuing future of our country,” said his spokesman Jonathan Franks.

“He therefore has no concerns about being linked to the administration within the context of this important event.”

And pay day loans aren’t the only odd conjunction of Williams, Obama and money: The Portland, Oregon TV station KATU reported in 2009 that Williams was hawking collectible Obama coins that were actually 50-cent pieces with stickers on it.

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  • View loan information such as for instance due date, balances, rate of interest, year-to-date interest and taxes
  • Simple setup that is one-click secure paperless statements
  • Access a full reputation for your loan and escrow statements
  • Create custom preferences, and set alerts and notifications
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You don’t need to be worried about late fees or credit that is negative: we won’t charge a late fee nor will we make any negative reporting to your credit agencies for 60 days following the effective date of one’s loan transfer.

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