Sunday, March 2, 2014

The mysterious online war against a payday lending crackdown

Anonymous issue campaign says government crackdown is 'destroying the free market'

By Daniel Wagner
6:00 am, February 19, 2014 Updated: 3:39 pm, February 25, 2014

An online campaign waged by a mysterious new nonprofit group claims that an Obama administration effort to curb lending abuses will take away people’s guns, close down charities and destroy the free market. To drive the point home, the group portrays President Barack Obama as a marauding Godzilla.

The attack’s sponsors are at this point anonymous.

At issue is a government initiative to sue banks that debit people’s bank accounts illegally on behalf of companies in fraud-prone industries.

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