Go get ‘em Dolly Parton!
Dolly Parton Takes On a U.S. Senator
Don’t mess with Dolly Parton – even if you’re a powerful politician!
During an interview with radio station WAXO-1220AM (Kickin’ Country) in Lewisburg, Tenn., Dolly took Senator Bob Corker (R-Tenn.) to task over his refusal to regulate the nation’s payday loan industry, which charges a whopping 400 percent interest rate to military families and unemployed workers for short-term loans when they’re short of cash.
Dolly chided Corker for alleged “behind closed door” efforts to allow the high interest rates to continue.
“For a dad and a mom trying to raise some kids on a military paycheck, a 400 percent interest rate is not just dumb, it’s un-American,” said the superstar, adding that the U.S. Senate is currently looking at reducing the maximum rate charged for payday loans from 400 percent to 36 percent.
“Growing up poor, I know the hardship and tragedy that money matters can cause to a family,” she added.
Legislation was proposed in November that would give a new consumer protection agency the power to write and enforce rules governing payday lenders, debt collectors and other financial companies that are not part of banks. But according to Dolly, Sen. Corker removed the payday loan industry from regulation under that bill “so that it could continue to charge 400 percent interest rates to the men and women in the U.S. military around the world who are fighting to preserve our freedom.”</em>
Kudos Dolly!
