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 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 form of lender Obama was targeting as he installed Rich Cordray as director regarding the new Consumer Financial Protection Bureau in a controversial recess appointment.

“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 lawyer declined to respond for comment.

Williams won’t be telling students at Georgia Tech next Wednesday about 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 promote engineering education.

Intel spokeswoman Lisa Malloy said the ongoing 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 has no concerns about being from the administration into the context of this important event.”

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

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Your billing that is first statement be mailed within 10 times of your loan being transferred.

You should not be concerned about late fees or negative credit rating: we won’t charge a late fee nor will we make any negative reporting towards the credit reporting agencies for 60 days after the effective date of your loan transfer.

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