Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/12/2013 (5 months ago)

Catholic Online (www.catholic.org)

Accused Senator being stripped of titles.

Last month, Catholic Online drew your attention to a pending FBI case against longtime California Senator, Ron Calderon, who has allegedly been engaged in corruption during his long tenure in public office. Now an editorial in the Sacramento Bee accuses Calderon of creating severe debt problems for poor Californians via payday lending.

Sen. Ron Calderon is dodging allegations while continuing to serve as a state senator.

Sen. Ron Calderon is dodging allegations while continuing to serve as a state senator.

Article Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/12/2013 (5 months ago)

Published in Politics & Policy

Keywords: Ron Calderon, corruption, bribery, politician, FBI, investegation, allegations


LOS ANGELES, CA (Catholic Online) - According to the editorial board of the Sacramento Bee, Ron Calderon has been a key figure in opposing attempts to regulate the usurious payday loan industry.

Payday loans are already illegal in 17 states and the U.S. Military. They are typically short-term loans which can charge over 500 percent interest. The loans are targeted towards the poor, and a typical loan grants about $300. After the loan is made, the borrower typically struggles to repay the debt. For borrowing just $300, an average person may repay up to $800.

AFTER THE UNSPEAKABLE, WE SPEAK HOPE. Support Catholic Online's response to Typhoon Haiyan in the Philippines.  DONATE NOW...

Although nobody makes a person accept a payday loan, a confluence of factors, including marketing, easy availability, desperation, and poor financial education have created a booming industry for lenders.

The industry has been described as predatory and is the subject of legal action in several states. In California, it was Ron Calderon who helped legalize payday loans. The industry made about $3.28 billion in loans in 2011, according to the Sacramento Bee.

Earlier this year, new legislation was introduced to regulate the industry, but that legislation was effectively watered-down, and then killed by Calderon. Incidentally, Calderon has received more than $81,000 from the industry according to the National institute on Money in State Politics.

Calderon is not only responsible for legalizing the practice in California, but he is also responsible for permitting it to continue preying on poor citizens of the state.

How a payday loan hurts unwary consumers.

How a payday loan hurts unwary consumers.


This may change soon. According to statements from the FBI, Calderon and his family have been accepting bribes from the FBI. An undercover agent asked him to revise the tax law for movie producers, a move for which Calderon requested consideration which was to be paid through his daughter.

After the money was paid, Calderon introduced the legislation, which did not pass. The FBI says this proves Calderon is guilty of corruption. Likewise, the agency says he has been engaging in corrupt behavior for some time.

These allegations will come to more public scrutiny as his case moves, albeit slowly, through the courts.

Presently, Calderon still serves in the California Senate, but he is being stripped of his most influential positions on the basis of the FBI allegations.

The Sacramento Bee explains that Calderon harmed Californians by means of his corruption and collusion with the payday lending industry. Fortunately, with him likely to be exited from California politics by one means or another, the industry may see some badly needed regulation, or hopefully be outlawed altogether.

Californians do not need to be preyed upon by banks and politicians. Life in the Golden State is far from golden and now we know a little better why.

A birth foretold: click here to learn more!

---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for April 2014
Ecology and Justice:
That governments may foster the protection of creation and the just distribution of natural resources.
Hope for the Sick: That the Risen Lord may fill with hope the hearts of those who are being tested by pain and sickness.



Comments


More Politics & Policy

IN SCHOOLS, BARS, CHURCHES: Georgia signs into law 'guns everywhere bill' Watch

Image of The new law

By Catholic Online (NEWS CONSORTIUM)

In schools, in bars and in churches: People in the state of Georgia will be able to carry their guns with them everywhere, after a provision that has been called the "guns everywhere bill" was signed into law by the governor this week. LOS ANGELES, CA (Catholic ... continue reading


Texas Lt. Gov threatens action if BLM attempts to seize Texas land Watch

Image of Texas Lt. Gov. David Dewhurst has said he will fight the Obama administration if they try to seize Texas land.

By Catholic Online (NEWS CONSORTIUM)

Texas Lt. Gov. David Dewhurst has added his name to the list of people disgusted with the Bureau of Land Management's scheme to seize over 90,000 acres of land from Texas without compensation. AUSTIN, TX (Catholic Online) - Texas Lt. Gov. David Dewhurst had some harsh ... continue reading


Congress appalled at Obama administration's 'stunning disregard for law' Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Appalled by the Obama administration's attempt to "rewrite the Affordable Care Act on a wholesale basis," some members of Congress are calling the White House on the carpet for their "stunning disregard for the law." LOS ANGELES, CA (Catholic Online) - The ... continue reading


Study finds the American Republic has turned to Oligarchy Watch

Image of The Republic is dead, thanks to money and corruption.

By Catholic Online (NEWS CONSORTIUM)

A new study finds that the Republic is dead and that the United States government has become an oligarchy, even if its preliminary findings stop just short of declaring so. The study reveals that average American citizens have lost their political voice entirely and ... continue reading


Supreme Court rules affirmative action in Michigan's college admissions is unconstitutional Watch

Image of The ruling focused on a voter-passed proposal that banned the use of race in admissions decisions at public universities.

By Catholic Online (NEWS CONSORTIUM)

Hailed as a milestone in a decades-long discourse, the Supreme Court has upheld a ban on the use of race in admission decisions at Michigan's public universities. Marked by protests in the streets of Ann Arbor and previous Supreme Court rulings, it was noted ... continue reading


Is affrimative action dead? SCOTUS rules on who can decide the issue Watch

Image of A ruling by the Supreme Court allows states to decide on whether they use a race-conscious policy in admitting students to advanced public education.

By Catholic Online (NEWS CONSORTIUM)

The Supreme Court struck a blow against those seeking to trample on the rights of states, upholding a Michigan voter initiative which banned racial preferences when considering admission into one of the states' public universities, on April 22. LOS ANGELES, CA ... continue reading


Exxon Mobil must pay the piper: High court rejects appeal on $105 million verdict Watch

Image of MTBE is an oxygen-containing substance that is added to gasoline to promote more complete combustion and reduce air pollution.

By Catholic Online (NEWS CONSORTIUM)

They were found guilty way back in 2009 and now must pay for their transgressions. The U.S. Supreme Court has declined to overturn a $105 million verdict against Exxon Mobil for contaminating drinking wells in the New York City borough of Queens. LOS ANGELES, CA ... continue reading


He just keeps coming and coming! Highest - and longest period of taxation proposed by President Obama Watch

Image of Under Obama's budget proposal, according to the CBO, the budget will never balance.

By Catholic Online (NEWS CONSORTIUM)

President Barack Obama called for what would be the highest level of sustained taxation ever imposed on the American people. According to the analysis published last week by the Congressional Budget Office, the plan was included in the budget proposal Obama ... continue reading


A new Civil War? Lawmakers meet to discuss taking back federal lands for the states Watch

Image of Lawmakers met in Salt Lake City to discuss how the federal government has been using lands in the Western states.

By Catholic Online (NEWS CONSORTIUM)

Lawmakers from the Western states gathered in Salt lake City last Friday to discuss what happened on the Bundy ranch in Nevada and to say that it is time for the states, not the federal government, to manage those resources for the good of their people. LOS ANGELES, CA ... continue reading


INCOME TAXES? 'If it reaches a certain point, perhaps you should revolt,' Justice Scalia tells students Watch

Image of Justice Scalia told the students that the justices do not give credence to partisan politics, and that he doesn't care which party controls the White House. He stands by a theory of

By Catholic Online (NEWS CONSORTIUM)

It came as a most bit of unorthodox advice, from a lawmaker to an audience of impressionable minds. While speaking at the University Of Tennessee College Of Law last week, Supreme Court Justice Antonin Scalia was asked by a student about his interpretation of ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Acts 3:11-26
11 Everyone came running towards them in great ... Read More

Psalm, Psalms 8:2, 5, 6-7, 8-9
2 even through the mouths of children, or of babes in ... Read More

Gospel, Luke 24:35-48
35 Then they told their story of what had happened on ... Read More

Saint of the Day

Saint of the Day for April 24th, 2014 Image

St. Fidelis of Sigmaringen
April 24: Franciscan Capuchin martyr. He was born Mark Rey is Sigmaringen, ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter