Oregonians for Payday Loan Fairness
Economic Fairness Coalition Update: August 31, 2006
Dear Economic Fairness Supporters,
Here are three stories from the week:
1. Keizertimes: Councilors missed the boat
2. AARP: Champion for payday loan reform across the U.S.
3. Faith based organizing… one signature at a time
View other alerts.
Read below to get the facts on the fight for economic fairness.
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1. Politics aside, council missed chance to argue predatory loan issues
Keizertimes editorial questions the thin excuses Keizer City Council members offered in defense of their decision to avoid public discussion of a local payday loan proposal. Keizertimes Aug 25, 2006.
2. “These [predatory] lenders prey on our most vulnerable citizens…And they’re really no better than common thieves.” – Deborah Zuckerman, AARP Foundation senior attorney.
AARP is working in 13 states, including Oregon, to pass legislation to end predatory lending. Oregon AARP has been a leader in the campaign to end triple digit interest. Last week, AARP leaders in Arkansas kicked off a statewide tour highlighting their priority issues for the November election, including ending payday lending. Lowering payday loan rates was one of the top three priorities identified in a poll of AARP members in AK. AARP Magazine, “Sudden Debt” Sept/Oct 2006.
3. Faith-based leaders across Oregon are working to close the payday loan loophole
Religious leaders were at the forefront of the campaign to pass the Payday Loan Reform Act and they’re continuing the fight to close the payday loan loophole. Most recently, church members at St. Luke Lutheran in Portland, West Linn Lutheran in West Linn and Interfaith Action for Justice in Central Oregon have started gathering signatures on the petition to protect the Payday Loan Reform Act. Get your congregation involved. Contact Angela Martin at 503-239-8029 or angela@ouroregon.org.
Payday Loan Fairness: [x] Yes, [] No
©2006 Our Oregon. All rights reserved. Photos by Leah Nash.