
Dolly Parton isn't known for getting political very often but recently she did talk politics. During an interview with a Tennessee radio station, Dolly took Tennessee Senator Bob Corker to task over his refusal to regulate the nation's payday loan industry, which charges a whopping 400 percent interest rate to military families and unemployed workers for short-term loans when they're short of cash. Dolly said, "For a dad and a mom trying to raise some kids on a military paycheck, a 400 percent interest rate is not just dumb, it's un-American. Growing up poor, I know the hardship and tragedy that money matters can cause to a family."
Legislation was proposed in November that would give a new consumer protection agency the power to write and enforce rules governing payday lenders, debt collectors and other financial companies that are not part of banks. But according to Parton, Senator Corker removed the payday loan industry from regulation under that bill. The state of Tennessee has an estimated 27 hundred military families, and they are prime users of the payday loan service.
Check out Dolly's latest video blog below...



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