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The Pit of Despair goes to Michigan

AFR’s two-dimensional art piece “the Pit of Despair” traveled to Detroit for Michigan United’s annual conference. This “street theater” illustrates the hazard that short-term, high interest loans present to working families. The conference attracted over 400 attendees including labor groups, and legislators such as US Representative Debbie Dingell and a multitude of state senators and representatives. Detroit passersby were offered …

Payday News Stories, Week of October 24, 2015

Oct 24 The Gadsden Times Editorial The numbers are astonishing. In the first 10 weeks that payday lenders had to record their transactions on a statewide database, Alabamians took out 462,209 payday loans. Based on those numbers, Alabamians are on course to take out just over 2.4 million payday loans on an annual basis. October 10 Greenville News Online Column: …

Cheaper By The Dozen

The watchdog organization Campaign for Accountability has filed a complaint with the Office of Congressional Ethics requesting an investigation into whether 11 members of the House illegally colluded with the payday lending industry. Their complaint stems from a report titled “Cheaper by the Dozen” released on September 30th. The report shows how the lawmakers in question took formal action in …

Payday News Stories, Week of October 16, 2015

October 15, 2015 Atlantic Online If the U.S. Government Treated Poor People as Well as It Treats Banks October 6, 2015 National Journal Watchdog Files Ethics Complaints Against 11 Members Over Payday-Lender Support For more coverage: October 5, 2015, Campaign for Accountability | CfA Files Ethics Complaint Against 11 Members of Congress Alleging Collusion with Payday Loan Industry October 9, …

Which Congressmen Did Favors for Payday Lenders Within Days of Receiving Their Money?

Recently, the organization Allied Progress released a new report, Cheaper By the Dozen, highlighting the relationship between members of Congress and the payday lending industry. The report covers a dozen members of the House of Representatives who, since 2011, have received at least $25,000 in campaign contributions from the payday lending industry and have taken action in support of the …

Payday News Stories, Week of October 9, 2015

October 2, 2015 Huffington Post How to Protect the Working Poor From 300 Percent Interest Rates October 2, 2015 Reuters Online U.S. payday lending probe targets Philadelphia-area businessman: records October 2, 2015 Washington Examiner Online Obama’s Postal Service nominees opposed by labor, civil rights groups October 2, 2015 Telegraph Online Political Notebook: New program focuses on helping military October 2, …

Payday News Stories, Week of October 2, 2015

September 30, 2015 Allied Progress Report: Cheaper By The Dozen September 25, 2015 Bloomberg News Online FDIC, Fed Must Face Payday Lenders’ ‘Choke Point’ Lawsuit September 25, 2015 JD Supra CFPB Highlights Mortgage Complaints in Third Monthly Complaint Report September 26, 2015 Waco Tribune-Herald Online Nonprofit homebuilders in Waco struggle to rebuild momentum after recession September 27, 2015 Augusta Free …