Pay day loan pitchman Montel Williams to do Obama jobs event

Pay day loan pitchman Montel Williams to do Obama jobs event

President Obama often rails resistant to the high-interest loans industry — but that did not stop cash advance pitchman Montel Williams from being tapped to headline an event when it comes to 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 for the new Consumer Financial Protection Bureau in a recess appointment that is controversial.

“If you’re a mortgage lender or a lender that is payday a credit card company, the times of signing people up for products they can’t afford with confusing forms and deceptive practices are over,” the president explained inside the State associated with the Union address.

The business and its particular lawyer declined to respond for comment.

Williams won’t be telling students at Georgia Tech next Wednesday on how to snag a $1,000 loan overnight. He will be moderating a panel with Intel CEO Paul Otellini and NASA Administrator Charles Bolden to market engineering education.

Intel spokeswoman Lisa Malloy said the company picked Williams to lead the discussion due to his background as a U.S. Naval Academy-trained engineer.

Williams is “enthusiastic about participating in an working jobs panel that ensures the continuing future of our country,” said his spokesman Jonathan Franks.

“He therefore does not have any concerns about being from the administration within the context of the important event.”

And payday loans aren’t the only real odd conjunction of Williams, Obama and money: The Portland, Oregon TV station KATU reported last year that Williams was hawking collectible Obama coins which were actually 50-cent pieces with stickers on it.

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No. In the event that you now have automatic payments set up with your previous servicer this service will undoubtedly be discontinued effective the date of transfer.

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