Concerns Raised About Carlucci’s Ties to Tall Interest Payday Lenders

Concerns Raised About Carlucci’s Ties to Tall Interest Payday Lenders

As millions of Us americans await their stimulus checks under be home more sales, some are being lured into borrowing funds from high interest-predatory loan providers, also called payday loan providers, who charge rates of interest up to 30% EACH MONTH. In modern times, beneath the Trump management, the de-regulation of predatory lenders, also referred to as payday lending stores, has lead to more high interest loans, and more rip-offs of reduced and middle-income Us americans.

Within the battle for Congress within the 17th region, (Mid-Northern Westchester & Rockland County) State Senator David Carlucci’s record on accepting efforts from payday loan providers was called into concern. A record of Carlucci’s campaign finance reports reveal that he received $2,000 in his run for Congress, and thousands more from Payday and predatory lenders while Westchester county, and the 17th Congressional District, has among the highest rates of COVID in the country. Continue reading “Concerns Raised About Carlucci’s Ties to Tall Interest Payday Lenders”