McAuliffe Campaign Releases New Radio Ad Highlighting Plan to Ban Predatory Lenders

Today, gubernatorial candidate Terry McAuliffe released a new ad highlighting the predatory lending problems plaguing families across the Commonwealth and his plan to ban predatory lenders.

"Every day Virginia families struggle to make ends meet and sometimes they need a small loan to get by. But some loans come at too high [of] a price because legislation that was passed in Richmond in 2002 allowed predatory payday lenders to do business in Virginia," says a female announcer in the ad. "For Terry McAuliffe the solution is simple. He is the only candidate for Governor who proposed doing the right thing - ban all predatory lending in Virginia."

Click here to read more and listen to the ad.

McAuliffe Highlights Plan to Promote Homeownership

Gubernatorial candidate Terry McAuliffe today highlighted his plan to encourage homeownership and keep homeowners in their homes. McAuliffe proposed measures to educate consumers on financial issues, create savings accounts for first-time homebuyers, and protect consumers from predatory lending practices.

"The severity of the current financial crisis overall, and the mortgage crisis in particular, undermines the most basic part of the American dream: homeownership," McAuliffe said. "Much is happening at the federal level to address the mortgage crisis and under Governor Kaine, Virginia has taken bold and aggressive steps to address the issues raised in the current crisis. We need to look beyond the crisis and keep our eye on the long-term goal: increasing homeownership for all in a sensible and realistic way."

Click here to read more.