UPDATE (9:44) On its website, ACE makes it impossible to figure out who sits on its board. I turned to Bloomberg, which I linked to below, in stating that Rawlings sits on the board. He hasn’t held that position for five years. My apologies for the error.
ORIGINAL ITEM Jason mentioned in Leading Off this morning that Irving-based ACE Cash Express has agreed to pay $10 million to get the government off its back over the way the company takes advantage of the working poor, using “false threats, intimidation, and harassing calls to bully payday borrowers into a cycle of debt.” Couple of questions. Is Ron Washington still doing ACE Cash ads? He should stop.
Next question: when is Mayor Mike Rawlings going to step down from the ACE Cash board? If he’s really sincere about his GrowSouth initiative, he should do it today.