We've written repeatedly about payday lenders' efforts -- in both Springfield and D.C. -- to block legislative iniatives aimed at reining in their industry's exorbitant interest rates. It turns out the lenders are also lobbying aggressively on Capitol HIll to thwart provisions in the proposed Consumer Financial Protection Act that would better regulate the predatory loans. TPM reported this week that Check Into Cash CEO W. Allan Jones has been instrumental in convincing Sen. Bob Corker (R-TN) to intervene. In case you were wondering, Illinois and surrounding states are home to hundreds of Check Into Cash outlets.
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