Payday Lenders Raise Money For Trump To Avoid Regulation


On September 24th there was a meeting, well
actually a webinar of a some high profile Republican donors and members of the payday
lending industry, and it was led by a man named Michael Hodges. Now, Mr. Hodges build himself according to
the Washington post as a, you know, high profile Donald Trump campaign donor. And what Mr. Hodges said on this little webinar
that he was leading was to tell the payday lending industry that, Hey, if you want a
favor from Donald Trump or from anybody in the Republican party, really all you gotta
do is just give him a little bit of money. This is not speculation. By the way, this is not really paraphrasing
what Mr. Hodges had to say. This is because the video of the webinar was
actually posted on YouTube this past Friday before it got taken down. After about an hour when the Washington post
got a hold of it and started calling some of the people that they were able to identify
from the webinar. And that’s what drew their attention to the
fact that, Oh God, somebody posted this online. Now here’s a couple excerpts from Mr. Hodges. About how this little influence scheme that
he’s running works. For example, I’ve gone to Rhonda McDaniel
and said, Rhonda, I need help on something. She’s been able to call over to the white
house and say, Hey, we have one of our large givers. They need an audience. They need to be heard and you need to listen
to them. So that’s why it’s important. That is a direct quote from the video of Michael
Hodges explaining how things work with the Republican party. You give them some money and then you call
them up, call up the the chairwoman of the Republican party. That’s who Rhonda McDaniel is. For anybody who hasn’t been paying attention
for a few years and you say, Rhonda, Hey, I need something. You better go to the white house because at
this point, as Hodges points out, a Rhonda has become his employee because he, he pays
money, so she’s got to do what he says. And Rhonda is more than happy to go and do
it. So she goes to the white house where she calls
the white house and says, Hey, this guy, he’s a big giver. He needs a favor, you better do it and they
do it. That is influence peddling folks. That’s quid pro quo. I mean hell, this is likely bribery at this
point because Mr. Hodges is sitting there on that webinar telling all these other payday
lenders, Hey, this is how you do it and you guys have been doing it. We know you have. Just keep doing it because God forbid we end
up with a Democrat in the white house in 2020 and then what happens to you payday lenders,
you’re going to be going back to those same regulations you were under at the end of the
Obama administration. One of the, one of the best things Obama did
in office was put these regulations in place by way of the CFPB and it cut back on what
these payday lenders were able to do to scam American citizens. Donald Trump came in, put Mick Mulvaney at
the head of the CFPB Mulvaney who had during his, uh, house of representatives career,
taking lots of money from payday lenders, started rolling back all those regulations
that have been putting place, telling the payday lenders, Hey, it’s okay. Go back out there to the poor communities,
charge them 900% interest rates, lock them in an endless cycle of debt. We don’t care where Republicans screw them
all over. If you have to, we’ll be right here to give
you whatever you need. That’s what Mr. Hodges was talking about in
this webinar, and that’s what Donald Trump and Mick Mulvaney and every other Republican
has delivered to them. But now they’re scared. They’re scared about what’s going to happen
in 2020. Because if you end up with a president, Bernie
Sanders or president Elizabeth Warren, the payday lending industry is about to go extinct
as they rightfully should. These are predators. These are the worst of the worst of the banking
industry. And that’s saying a lot, you know, to be able
to look at the people at the chase and bank of America in all of these other wall street
banks, HSBC, to be able to look at them and say, Hey, at least you’re not as scummy as
these guys in the payday lending industry. That’s pretty bad. But that is exactly what these folks are. Now you can go check out the audio for yourself,
send the link in the description of this video. And I encourage everyone to do it because
they’re explaining exactly how the Republican party and in many ways the democratic party
to how they work. You give them money, then they’re going to
do whatever you ask them to do. This is the problem with politics in the United
States today. This is why we have to put stricter limits
on campaign donations. This is why we have to turn, uh, overturn
citizens United and McCutcheon. This can’t continue. And Mr. Hodges, like the pompous, arrogant
Republican that he is spelled it out so clearly for us that when it comes time to vote on
a constitutional amendment to overturn citizens United and McCutcheon and get rid of, uh,
all these billion dollar donations, this audio of Mr. Hodges here, this ought to be exhibit
a and it should be run in television ads and radio ads in every single city across this
country.

100 comments on “Payday Lenders Raise Money For Trump To Avoid Regulation”

  1. Brenda L M Negron says:

    No money for corruption crooks especially trump and his administration. The Republicans administration and trump are failures and losers.

  2. John Kurtz says:

    Doni what's in it for me trump, doesn't care one iota about USA citizens, just himself and money.

  3. Unkown known says:

    I was gonna send Trump some money to sleep with Ivanka, but Trump said that's his piece of ass!!!

  4. Vincent Reyes says:

    They need to stop pay day loans and hard loans need to be stopped

  5. John Layman II says:

    Loansharking. I thought we got rid of that with organized crime. Oh sorry little liar Donnie draft dodger IS organized crime.

  6. Jason Pop says:

    Poop cody,you are a blathering imbecile .GOD HAVE MERCY ON YOUR SOUL .

  7. Quadir Mayo says:

    The Mafia is jealous. Arnold "The Brain" Rothstein and Charles "Lucky" Luciano would never believe the corruption that goes on today that they could have gotten away with 100 years ago if they took that opportunity.

  8. Kenrick Eason says:

    Campaign donations = We want you to make sure we don't get touched by anyone.. Seems like Mob tactics in Washington DC.. Title loans need to be some regulations too!

  9. Benjamin Sandoval says:

    Another Way the GOP keeps MIDDLE CLASS FROM GETTING AHEAD,

  10. Trisha A. says:

    VOTE BLUE
    ๐ŸŒŠ๐ŸŒŠ๐ŸŒŠ๐ŸŒŠ๐ŸŒŠ
    ๐Ÿ’™๐Ÿ’™๐Ÿ’™๐Ÿ’™๐Ÿ’™
    ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡บ๐Ÿ‡ธ

  11. dianne says:

    Again…..GOP…
    CORRUPT…
    CORRUPT…
    CORRUPT….

  12. C W says:

    What they have done to military families alone is disgusting.

  13. edgardo martinez says:

    We already knew that, the WHITE HOUSE was for sale . Thanks to TRUMP and his Administration.๐Ÿ˜’

  14. American G.D.A. says:

    ALL ABOUT THE BENJAMINS!
    YOU HAVE TO PAY TO PLAY WITH DOPEY CHUMP!

  15. Nathaniel Sizemore says:

    Payday Lenders = Legalized Loansharks.

  16. A M says:

    This is illegal, right?
    Or legal corruption? Legal bribery?
    Both are horrible.

  17. Keith Perdue says:

    Corporations are treated like privileged citizens. They are more important than mere human beings. This is insane.

  18. Ace Hardy says:

    ๐Ÿ’ฒ๐Ÿ™Œ

  19. nickrich56 says:

    Paying the "vig" to 45 or anyone is no different than supporting organized crime ๐Ÿ˜•

  20. Snake Man says:

    The Capital building and the White house, have favor for sale signs outside in neon letters.

  21. darkashtar says:

    Funny enough pay day loans are banned in my city. The businesses that in other places are pay day loan places are only allowed to cash checks. I live in a military town and when it was exposed they quite often preyed on people in the military the city straight up banned pay day lending businesses. Doesn't prevent people from going out of town to do such, but definitely helped some. The way I found this out was I used one of the places as a direct deposit source, which was not a bad deal $5 a month got my pay 2 days earlier free withdrawals from there and stuff like that, but one time a guy in front of me asked about a payday loan and the lady behind the counter flat out said it like that, minus the going out of town part. I just figure the out of town part because of commercials on TV, though considering most channels we get are from out of town I could be wrong about that. Really I think other than public access the only local channel we have now is Univision and not speaking Spanish I dont particularly watch the Spanish channel pretty much everything else local is from Raleigh or Wilmington.

  22. D James Morgan says:

    Way to go US citizens! This is your fault from your voting record! Well; 37% of you!

  23. William Ridgeway says:

    Gee whiz I'm shocked! Not!

  24. 3432919 says:

    HOW are "payday loan" scams still a "thing"?! Maybe for dumbfucKKK republiKKKans who don't mind losing everything-which they deserve to do anyway because, well, republiCONS….

  25. Robert Lavelle says:

    Jesus threw the money lenders out of the temple.
    " Christian " Republicans venerate them.

  26. Kathleen Blachere says:

    People…you don't need to resort to pay day lending. If you have a bank account with automatic deposit of your paycheck…you can borrow from your next paycheck for a fee nowhere near as expensive as the PAYDAY CROOKS

  27. 21st Century Renaissance Man says:

    MIGA!

    https://youtu.be/CvAt8pgSWTA

  28. Chris Bading says:

    Are people actually surprised by this???

  29. Terry Petersen says:

    Remember Mulvany's " I only talk to lobbiests who gave money"?

  30. Gertrude Buck says:

    THIS FACE, IS THE FACE OF THE MOST DEADLY CRIMINAL.

  31. Diane Gordon says:

    That's why I didn't pay there asses

  32. Gertrude Buck says:

    THE PAYDAY LENDERS SHOULD HAVE TO GO TO PRISON AND BE LOCKED DOWN FOR YEARS AND YEARS AND YEARS! DEMOCRATS AND REPUBLICANS ALL NEED PRISON TIME OUT!!

  33. Ken Leach says:

    WE MUST GET THE MONEY OUT OF POLITICS PERIOD!! CITIZENS UNITED IS THE WORST DECISION THAT EVER CAME FROM THE SUPREME COURT (ALONG PARTY LINES) THATS WHY NOTHING EVER GETS DONE ANYMORE THEIR BEHOLDEN TO THE PEOPLE WHO LINE THEIR POCKETS!! AND NOT WHAT THE COUNTRY OR THE AMERICAN PEOPLE WANT AND NEED!! ALSO, THESE PAYDAY LENDERS ARE "SCUMBAGS!!! THEIR MAKING MILLIONS/BILLIONS OF DOLLARS OFF OF THE BACKS OF THE POOR!! "LEGAL" LOANSHARKS!!! THEY DON'T WANT TO PAY THEIR FAIR SHARE AND THEN THEY PREY ON PEOPLE WHO CAN LEAST AFFORD IT!!!

  34. Leeanne Bishop says:

    still EMOLUMENTS Clause violations see i told you trumps broke other wise he would be BEGGING for money to keep him in office heheheheh this is illegal

  35. Leeanne Bishop says:

    They should be scared

  36. JJ W says:

    Everyone knows that that's the way to get to Trumpleforeskin

  37. Richard Rupert says:

    Oh, Farrah/Fredo is on fire today, but is that burning sensation from that steaming load in his Depends?

  38. D Lessard says:

    A group of bottom feeders to the biggest bottom feeder of all Lying Donnie trump. Let's all screw everyone.

  39. Charlie Cross says:

    Don't call them payday lenders call them what they are LOAN SHARKS. it used to be a crime to charge interest that they do.

  40. James Clark says:

    " AMERICANS ! CIRCLE THE WAGONS AND FIRE INWARDS ! "

  41. j vagabond says:

    Ring of fake news

  42. Diane Mcdonnell says:

    They pray on the poor

  43. Joe Kherr says:

    Money is more important to the republican party than all of the issues, all of the controversies, all of the "conservative values" they pretend to care for combined. They prove it every day.

  44. Wilberta Berry says:

    Please take the Trash out of the White House!!!

  45. tony lyons says:

    Another example of why this is so wrong! Robbing Americans and america is a shameful act. Why has this circus continued to operate??? American people need better and deserve better. That comment is correct our country is being sold and shamed at every level.

  46. TOMMY R says:

    THEY TOOK MY FRINEDS CAR FROM HIM NOW HE HAS NO WAY TO WORK

  47. Humphrey Reader says:

    Corruption in action.

  48. Humphrey Reader says:

    It'll be debt slavery, next.

  49. Alex Macmillan says:

    Reposting this
    I've actually worked at a pay day loan place. It was a knock off of a place called "money mart". And let me tell you, holy shit it was vicious. We had what we called our regulars. These were people who were stuck in the debt pay cycle every two weeks. They'd come in with an entire pay cheque, use it to pay off their loan and then have no money left. So they'd get the same loan plus interest again. Rinse and repeat. It was plain and obvious debt slavery and it was heart breaking to see.

  50. Adel Black says:

    I know so many dumb people who don't have a bank account and use payday lenders for damn near everything.

    And they wonder why they're broke. I get letters in the mail from them asking me to take out a loan all the time. Straight to the shredder!!!

  51. Baxter Powel says:

    FUCK THEM ALL!

  52. Mark Elliot says:

    the thieving loan market "families" are putting a fighting fund together to have the head "DON" re elected to keep their greedy obscene rate to fleece the most vulnerable members of society.
    Many of these people are only in financial trouble because of stupid short sighted politicians paid by corporations AND the public purse.
    Who gets their moneys worth with political decisions ? Jobs – flat, tax – up, health – can't afford it, pension – not much, savings – can't at present, hopes and dreams – what are they ?

  53. hz0gzq says:

    CREDIT CARDS ATE LOAN SHARKS

  54. Buena Enriquez says:

    What else do you expect from this sharks , they are crock.

  55. hz0gzq says:

    MONEY OUT OF POLITICS

  56. Space-Cadet David 'Spanky Bonespurs' Dennison : says:

    Itโ€™s a Grifterโ€™s Pyramid, with Trump at the top.

  57. BuffaloSoldier says:

    Put all of them before the firing squad.

  58. Matthew Madruga says:

    YOU LITERALLY CANT TALK TO A PAYDAY LENDER IN THE MILITARY, THAT SHOWS YOU HOW CORRUPT THEY ARE.

  59. FUmarc says:

    Republicans are the Corporate Party. Republicans are anti-troops and anti-fair capitalism.

  60. nailbiter says:

    Our lives & sufferings are for sale by the Republicans.

  61. Ken Rose says:

    At the same time, as hidden from the public, these same banks own these payday loans places

  62. Dennis Young says:

    Hodges: "Social Darwinism! Predation! Ayn Rand! Might is Right!"

  63. mildred gomez says:

    When our pope threw the doves out the window they crashed one ran right into the other, I knew evil was coming, I said and I saw it!! The beast 666

  64. Lorenzo says:

    Is anyone surprised by this? It is how money grubbing lenders operate. Pay for regulations to allow borrowers to get in deeper and lenders to charge more. Scumbags…. But most bankers are this way especially if their back is against the wall. SCUMBAG LENDERS…

  65. Geezey Tree says:

    GEEZUZ F'KN KRIST, the piece of S**TNESSES just don't STOP!

  66. Oblivion X14X says:

    The sad part is that the only thing matters is bribery getting trump so called "elected" again for 2020. It seems the people's vote doesn't matter period. It almost looks like we have plutocracy ruling through a disguised democracy judging how everything is going

  67. Paul Baransky says:

    The mob does payday lending and they get harrassed. The government does it and fill their pockets.

  68. Alberto Marin says:

    THOSE R QUID PRO QUO, THEY DO IT ALL THE TIME.

  69. georgebushwack says:

    The Dems could put Debbie Wasserman in charge of that file !!

  70. Gar Gra says:

    Don Fannucci always needs to wet his or in this case, the Trump administration!

  71. Mark Pemberton says:

    Drain derrr swampp

  72. Maureenn Brown says:

    Isn't this a violation of the FEC? Has somebody made a copy of the video?

  73. johnmburt1960 says:

    This webinar was not attended by anyone from Oregon.
    Oregonians ran payday loansharks out of our state years ago.
    Payday loansharking is illegal in Oregon. Period.
    Making abusive commercial practices illegal should be tried more often.

  74. Glory Kun says:

    BTW,what happened to the Fundraising for the Wall?.I always wonder what happened to it

  75. MrOvadose101 says:

    #followthemoney

  76. Keeva2006 says:

    Fuck regulating them! I want them thrown in prison. Every single one. You can find the space by freeing everyone who was convicted of minor drug offenses. Spring them, then throw these lenders into the just vacated cells. No Club Fed for them.

  77. Oscar Montalvo says:

    Don the Con only handles his Dirty Business on "quid pro quo" basis…

  78. Lindalee Law says:

    Pathetic. CO., last election lowered interest rate on these thieves

  79. Kevin Parsons says:

    now are any of us at all surprised we've known this about our politicians both Republican and Democrat for years

  80. Roy Penafiel says:

    That is why republican are fighting tooth and nail to keep trump in office. They will lose all their free money. Boo boo to them!

  81. Mungo Munro says:

    It doesn't matter who gives to any presidential candidate,,,does it?
    The fact that Trump has raised more than all the Dems hopefuls combined ought to tell you all who Americans want should let you know.
    Get your info from many sources.
    Unless you like your ears tickled by lies rumors and propaganda.
    In that case,bury your heads hear, Farron will tell you what you like to hear.
    It ain't right but it sounds good to you, huh?!!!!!!

  82. Gene Miller says:

    Straight out robbery is more ethical than payday loans. If someone robs you with a gun rather than a pen and a contract, you might live to see them in prison. Not the guy in the suit.

  83. Donna McDonald says:

    Pay back is a b*tch when you betray American too ! it been three year of hell for Trump he gone lose everything for greed and power to pay off his debt to russian.

  84. princewish says:

    What didnโ€™t trump roll back that Obama did. I hope he ends up in prison along with his corrupt family.

  85. Shiwan Mavaneh says:

    Fuck yeah!!! 2020 blue TSUNAMI.

  86. hawk wiley says:

    Just place an order, more lobbyists!

  87. Shane Thomas says:

    Why do you think they've been so frantic to get thier judges in?? They want to protect thier legal bribes. …which site in direct contradiction to democracy.

  88. Blaine Doan says:

    Bull shit

  89. MrMusiclover41 says:

    So-called "Payday Lenders" need to be put out of business. They are HORRIBLE people. Follow the money, folks.

  90. coconutmix says:

    This republican deregulation was the cause of the housing and economic collapse in 2008. These loan sharks don't care if people won't be able to continue paying high-interest debts which eventually leads to bankruptcies and foreclosures. Smh

  91. Gustav Gnรถttgen says:

    Yeah because Trump needs no money lol.
    Broke gramps won't get cocaine in prison…

  92. bruce bell says:

    Of course they back trump as trump has been nothing more than a payday lender scamming bankers and loan companies until his 6 bankruptcy and they wised up. Which left him to Putin as the only way he could get more loans to keep from being homeless. Trump loves these guy as they remind him of his legacy of screwing people over .

  93. QuicksilverGuard says:

    clear and obvious corruption. Pay to play flat out stated in a audio and is anyone going to be punished? eh… probably not

  94. OrionPax09 says:

    Corruption, thy name be Greedy Old Pricks. They might not have invented corruption, but they and Agolf Twitler have certainly perfected it. They are more than happy to screw us over in the name of giving even more obscene amounts of wealth to the oligarchs. Which happen to include themselves.

  95. Ot Gman says:

    When U.S. politicians start buying up a particular business like payday loans, you know that business will be a corrupt shit-show specifically designed to screw American citizens while protecting criminally corrupt politicians, especially since they pass the legislation that allows them to constantly skirt the law while constantly moving the legal goal post in their financial favor.

  96. EveryThing & NeThing says:

    America has become a total state for sale. Her people don't give a shit, to damn lazy to PROTEST so why should the politicians care about people, they say what the chuck are they going to do. The once great and powerful U.S.A is going to get washed up in her own glotteny. She ruled on RESPECT and HONOUR & HUMANITY and all that good stuff, but all gone now. WHAT HAVE YOU GOT TO LOSE REMEMBER THAT ONE.

  97. Mickyle Newman says:

    Hey Farron, what are your views on Rick Wilson on his book guide how democrats to beat the republicans.? Great video keeping real. BERNIE 2020.

  98. Dharma says:

    The missing regulation is the biggest problem with USA's economy. It's gonna destroy your economy as it did under Bush. But your NaziPig in chief is to dumb to know anything about economy.

  99. Kelli Kell says:

    I am so ashamed of what I see in American Government.

  100. Satria Kurniawan Djaenal says:

    Payday lenders…call them loansharks. That's a better name for these bloodsuckers.

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