Pay day loan pitchman Montel Williams doing Obama jobs occasion

President Obama usually rails resistant to the high-interest loans industry — but that don’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 style of lender Obama had been focusing on as he installed deep Cordray as manager regarding the brand new customer Financial Protection Bureau in a recess appointment that is controversial.

“If you’re a mortgage company or a credit card issuer, the occasions of signing people up for products they can’t pay for with confusing kinds and deceptive methods are over,” the president explained inside the State for the Union target.

The business as well as its attorney declined to react for remark.

Williams won’t be telling students at Georgia Tech next Wednesday on how to snag a $1,000 loan overnight. He shall be moderating a panel with Intel CEO Paul Otellini and NASA Administrator Charles Bolden to advertise engineering education.

Intel spokeswoman Lisa Malloy stated the ongoing business picked Williams to guide the conversation due to their back ground as being a U.S. Naval Academy-trained engineer.

Williams is “enthusiastic about participating in jobs panel that ensures the continuing future of our country,” stated his spokesman Jonathan Franks.

“He therefore does not have any concerns about being from the management during the context for this essential occasion.”

And pay day loans aren’t the only real odd combination of Williams, Obama and cash: The Portland, Oregon television section KATU reported during 2009 that Williams ended up being hawking collectible Obama coins which were actually 50-cent pieces with stickers in it.

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