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Payday loan pitchman Montel Williams to do Obama jobs event

Payday loan pitchman Montel Williams to do Obama jobs event

President Obama often rails from the high-interest loans industry — but that did not stop payday loan pitchman Montel Williams from being tapped to headline a conference when it comes to president’s jobs council event next Wednesday in Atlanta.

That is the sort of lender Obama was targeting when he installed Rich Cordray as director for the new Consumer Financial Protection Bureau in a controversial recess appointment.

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

The organization as well as its 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 shall be moderating a panel with Intel CEO Paul Otellini and NASA Administrator Charles Bolden to advertise engineering education.

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

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

“He therefore does not have any concerns about being from the administration into the context for this important event.”

And pay day loans aren’t the actual only real conjunction that is odd of, Obama and cash: The Portland, Oregon TV station KATU reported last year that Williams was hawking collectible Obama coins that have been actually 50-cent pieces with stickers in it.

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To aid ensure a transition that is smooth you simply will not be assessed a late fee or negatively reported to virtually any credit reporting agencies for 60 days following your transfer date.

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  • Convenient payment options pay that is including, one-time future payments, or recurring payments
  • View loan information such as for example due date, balances, rate of interest, year-to-date interest and taxes
  • Simple setup that is one-click secure paperless statements
  • Access a full reputation for your loan and escrow statements
  • Create custom preferences, and set alerts and notifications
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Your first billing statement will be mailed within 10 days of your loan being transferred.

You should not bother about late fees or negative credit reporting: we will not charge a late fee nor will we make any negative reporting towards the credit bureaus for 60 days after the effective date of the loan transfer.

Mortgage servicing transfers occur when the servicing of that loan is transferred or sold from 1 institution to some other.

The sale and transfer of mortgages is common into the mortgage industry, and it is in no way a direct reflection of you or perhaps the quality of your loan. The changes affecting you will end up your loan payment and number address after the transfer date. You can look your brand-new loan number up here, or find it on the introductory email or Notice of Transfer letter you received.

Please note: Due to the time it can take for systems to update from your previous servicer, your loan information is likely to be identified by our systems typically within 5 days after the transfer date.

We typically run our escrow analyses annually according to your premises tax payment schedule. Occasionally, the payment of taxes or insurance causes an adjustment in the escrow account balance, plus it might be essential to perform one or more analysis during the year.

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