Pay day loan pitchman Montel Williams to do Obama jobs event
President Obama often rails against the high-interest loans industry -- but that didn't stop loan that is payday Montel Williams from being tapped to headline an event for the president's jobs council event next Wednesday in Atlanta.
This is the style of lender Obama was targeting when he installed Rich Cordray as director of the new Consumer Financial Protection Bureau in a controversial recess appointment.
вЂњIf youвЂ™re a mortgage company or a lender that is payday a credit card company, the occasions of signing people up for products they canвЂ™t afford with confusing forms and deceptive practices are over,вЂќ the president explained in his State regarding the Union address.
The organization and its particular lawyer declined to respond for comment.
Williams wonвЂ™t be telling students at Georgia Tech next about how to snag a $1,000 loan overnight wednesday.