Payday News, week of March 25, 2016

March 24, 2016
Tampa Bay Times
Florida’s payday lender law is no model, report concludes
Florida regulations of payday lenders defended by Reps. Debbie Wasserman Schultz,Patrick Murphy and others have cost poor Floridians more than $2.5 billion in fees over the last decade, according to a new study.
For more coverage:
MarketPlace | Are payday loans hurting minorities? Reprints: Nashville Public Radio, New Orleans Public Radio, Milwaukee Public Radio, Delmarva Public Radio, WBFO (Buffalo NPR Station), Mid Missouri Public Radio and Inquisitr
ABC Action News | Pay Day Lenders costing Floridians hundreds of millions in fees
Bay Area Indymedia | Report Questions Florida Payday Lending Rules

March 23, 2016
Tampa Bay Times
Payday loan issue divides U.S. Senate candidates Murphy and Grayson
Rep. Debbie Wasserman Schultz is facing intense criticism, including TV ads, for supporting a bill consumer advocates say weakens regulations on payday lenders.
Reprints: Miami Herald
More coverage:
Daily Kos | Bill Moyers: HRC should ask DWS and Rahm E. to resign
Talking Points Memo | Bill Moyers: It’s Time For These Two Democrats To Go
International Business Times | Why Elizabeth Warren Is Fighting Florida’s Payday Lending Model; Lenders Collect Billions From The Poor

March 22, 2016
Springfield Faith Leaders Protest Against Payday Loan Industry
A group of Springfield pastors and faith leaders protested against the payday lending industry Tuesday.
More coverage:
KY3 | Faith-based group calls for payday loan reform | 6 Pastors, Faith Leaders Gather to Protest Payday Loan Industry
Springfield News-Leader | Anti-‘predatory lending’ rally planned for Tuesday in Springfield
Springfield News-Leader | Springfield pastors protest payday loan stores; call interest rates ‘immoral’
KSMU Ozarks Public Radio | Local Faith-Based Group Calls for “Predatory Lending” Reform

Mar 21, 2016
Main Street
Can the CFPB’s New Payday Loan Rules Curb High Fees and Charges?
Payday loans continue to tempt U.S. consumers, many of whom take the loans, then wind up paying staggeringly high fees that can damage any household budget.
More coverage:
The Island Packet | Consumer Financial Protection Bureau tackles payday loan debt

March 23, 2016
Jackson Free Press
Politicians for Sale? State’s Consumer Finance Association PAC Spends Big on State Officials
The PAC’s May campaign finance report shows that the association spent heftily on statewide Republican office-holders in April, disbursing over $100,000 to election campaigns.

March 25, 2016
Christian Post
Alabama Church Will Pay $41,000 in Payday Debts to Give People ‘Fresh Start’
An Alabama church says it will be paying over $41,000 in debt for 48 families and individuals, including both members and non-members of its congregation.

March 25, 2016
The Pitch
Payday armageddon continues as feds seek millions more from Joel Tucker, Amit Raizada, Scott Asner, others
After crunching the numbers, Cook found that Coppinger and Rowland’s companies paid Joel Tucker $29.9 million in fees. Cook is seeking the full amount from Tucker.

March 22, 2016
The Pitch
KC Magazine gave payday-lending magnate Scott Tucker all the good press his money could buy
In November 2012, KC Magazine called Scott Tucker “a staunch Republican voter and a longtime political activist.” It was the latest of several appearances he’d made over the years in Anthem Media Group’s local glossy, a staple of doctors’-office waiting rooms in the metro’s suburbs.
More coverage:
Kansas City Business Journal | Report: Payday lending tycoon had chummy media partner