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Debbie Wasserman Schultz attacked for bank donations and place on cash advance bill

Debbie Wasserman Schultz attacked for bank donations and place on cash advance bill

A legislation teacher operating against U.S. Rep. Debbie Wasserman Schultz of Southern Florida claims this woman is into the pocket of big banking institutions and it isn’t taking care of consumers whom have crushed by debt from payday advances.

“My opponent, after using thousands and thousands of bucks from Goldman Sachs as well as other Wall Street banking institutions, has voted to stop the buyer Financial Protection Bureau (CFTP) from managing payday advances and handling discrimination that is racial auto loans,” stated Tim Canova on their site.

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Canova, a candidate that is first-time professor at Nova Southeastern University, is challenging Wasserman Schultz into the August Democratic primary in a Broward/Miami-Dade region. The competition has drawn attention that is national Wasserman Schultz could be the Democratic nationwide Committee chair.

Did Canova accurately describe her donations from banking institutions and her votes pertaining to payday advances and auto loans?

There is certainly some truth to their assault, but every one calls for description.

Donations from Wall Street banking institutions

Canova’s campaign pointed to donations from banks, securities/investment firms and finance/credit businesses to Wasserman Schultz’s campaign committee along with her action that is political committee or PAC.

At PolitiFact Florida’s demand, the middle for Responsive Politics compiled the big specific contributions (a lot more than $200) and contributions to her PAC starting along with her 2006 election. The middle found she received $309,020 from commercial banking institutions, which represented about 2 per cent associated with total; $408,450 from securities/investment companies, and $325,850 from finance/credit companies.

Her leadership PAC, Democrats Win Seats, received contributions through the Goldman Sachs PAC: $5,000 in 2016 and $10,000 in 2014. Continue reading Debbie Wasserman Schultz attacked for bank donations and place on cash advance bill