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 against the high-interest loans industry — but that didn’t stop loan that is payday Montel Williams from being tapped to headline a conference when it comes to president’s jobs council event next Wednesday in Atlanta.

This is the variety of lender Obama was targeting as 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 payday lender or a credit card issuer, the times 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 and its own lawyer declined to respond for comment.

Williams won’t be telling students at Georgia Tech next about how to snag a $1,000 loan overnight wednesday. He will be moderating a panel with Intel CEO Paul Otellini and NASA Administrator Charles Bolden to promote 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 continuing future of our country,” said his spokesman Jonathan Franks.

“He therefore does not have any concerns about being associated with the administration in the context for this important event.”

And payday loans aren’t the only real odd conjunction of Williams, Obama and cash: The Portland, Oregon TV station KATU reported during 2009 that Williams was hawking collectible Obama coins that have been actually 50-cent pieces with stickers on them.

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  • Convenient payment options pay that is including, one-time future payments, or recurring payments
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  • Access a history that is full of loan and Read Full Article escrow statements
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