Cash advance pitchman Montel Williams to accomplish 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.

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

“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 in his State associated with the Union address.

The business and its particular 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 market engineering education.

Intel spokeswoman Lisa Malloy said the ongoing company picked Williams to guide the discussion because 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 has no concerns about being associated with the administration when you look at the context of this important event.”

And payday loans aren’t the sole 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 including pay now, one-time future payments, or recurring payments
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  • Simple one-click setup to secure paperless statements
  • Access a history that is full of loan and escrow statements
  • Create custom preferences, and set alerts and notifications
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Your billing that is first statement be mailed within 10 days of your loan being transferred.

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Mortgage servicing transfers occur once the servicing of a loan is sold or transferred from a single institution to a different.

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