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Right-Wing Think Tank Shills for Payday Lenders on Nyc Fed Site

Right-Wing Think Tank Shills for Payday Lenders on Nyc Fed Site

This new York Federal Reserve Board posts an argument that is highly contentious protection of high-cost payday lenders.

The newest York Federal Reserve Board, faced with overseeing Wall Street banking institutions, switched over its usually staid formal web log this week to an extremely contentious argument in protection of high-cost payday lenders, that are partially funded because of the exact exact same big companies the Fed is meant become regulating.

Michael Strain, a resident scholar during the ultra-conservative United states Enterprise Institute think tank, co-authored the piece.