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

Thursday, December 3rd, 2020

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

As scores of People in the us await their stimulus checks under be home more purchases, some are being lured into borrowing funds from high interest-predatory loan providers, also referred to as payday loan providers, who charge interest levels up to 30% EVERY MONTH. In the past few years, beneath the Trump management, the de-regulation of predatory lenders, also referred to as payday lending stores, has resulted in more high interest loans, and much more rip-offs of reduced and middle-income People in america.

Within the competition for Congress when you look at the district that is 17th (Mid-Northern Westchester & Rockland County) State Senator David Carlucci’s record on accepting efforts from payday loan providers happens to be called into concern. While Westchester county, therefore the seventeenth Congressional District, has among the list of greatest prices of COVID in the united states, an archive of Carlucci’s campaign finance reports unveil which he received $2,000 inside the run for Congress, and thousands more from Payday and predatory loan providers.

Adam Schleifer, one of the 7 other challengers into the Democratic primary in NY-17, took direct aim at Carlucci regarding the matter. He contrasted their background as being a installment loans in Virginia previous customer security regulator under Governor Andrew Cuomo, whom forced similar predatory industry to payback nyc taxpayers millions, with Carlucci’s record on accepting their efforts. Because Carlucci represents the vast majority of Rockland County, helping to make up 60% associated with region, some start thinking about him well-positioned to displace Nita Lowey in Congress. (more…)