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Payday loan task shadows exec’s work for Ct governor

Payday loan task shadows exec’s work for Ct governor

HARTFORD, Conn. (AP) — with his run for Ct governor, Republican entrepreneur Bob Stefanowski touts his or her stints with blue-chip organizations like regular Electronic and UBS finances Bank. Nevertheless function receiving all of the consideration is definitely his or her latest job as CEO of a global payday home loan company.

Competitors have got piled in negative feedback of Stefanowski’s connections to an organization providing financing products that usually are not also legal in Ct. For the GOP primary, one candidate’s campaigns called him “Payday Bob.”

The 56-year-old gubernatorial candidate claims his or her encounter straightening the actual troubled, Pennsylvania-based DFC worldwide Corp. would serve your actually repairing the state’s persistent allowance deficits.

“It truly affects me personally that I’m are assaulted on an organization that I cleaned up,” Stefanowski stated in an interview using relevant Press. “we lead ethics to it.”

Analysis Stefanowski’s period lead DFC Global Corp. from 2014 to January 2017 demonstrate he or she enhanced their monetary efficiency and obtained actions to satisfy regulators’ requires. Additionally it proposes he struggled to take sustained adjustment to ways expressed by critics as preying about bad and other people in financial stress. Continue reading

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