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New US ambassador warns of Asia’s ‘payday loan diplomacy’

New US ambassador warns of Asia’s ‘payday loan diplomacy’ CANBERRA, Australia (AP) — the U.S. that is new ambassador Australia stated Wednesday that he’s worried about just how Asia lends cash to developing Pacific countries with what he defines as “payday loan diplomacy.” Arthur Culvahouse Jr. told reporters in Canberra that it was as much as U.S. allies and Western democracies that are liberal educate people concerning the perils of these loans. U.S. Vice President Mike Pence formerly warned of China“debt that...

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