Dear Economic Fairness Supporters,
This week on the economic fairness front:
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1. News around the nation…From the New York Times to USA Today, media outlets across the nation continue to cover the impact of payday loans on military families and the call to cap all loans at 36 percent. Here are two of the most recent stories on the topic.
New York Times (AP) Aug. 31st - With a family to feed and no money for groceries, Navy Yeoman 2nd Class Damon LaForce recently did something the military is trying to crack down on: He went to one of the many payday-lending businesses near his base for an instant loan.
Associated Press, Sept. 7th - Sen. Jim Talent on Thursday renewed his push for legislation to stop payday loan companies from targeting military personnel.
The Missouri Republican wants Congress to approve a 36 percent annual percentage rate cap…
2. Capping all loans at 36% - A proposal in Congress sponsored by Senator Jim Talent (R-Mo.) and Bill Nelson (D-Fla.) to cap all loans to military members at 36 % annual interest has already passed the Senate. It is now being debated in a House/Senate conference committee. This proposal will not protect all families but it is a strong step in the right direction. Learn more and urge your member of Congress to support the 36 % cap - Center for Responsible Lending.
Stand up for economic fairness for all Oregon families. Add your voice to the Economic Fairness Coalition.
1.) Include others. Forward this message to friends, colleagues or your membership list.
2.) Get the facts. The Economic Fairness Coalition is working to stop predatory lending in Oregon. Learn more about the issue with the latest fact sheet from the on-line Action Kit.
3.) Help close the payday loan loophole. Make a contribution to fund the Economic Fairness Campaign. Learn more.
Payday Loan Fairness: [x] Yes, [] No
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