Archive for the ‘Massachusetts payday loans’ Category

Getting Nj-new Jersey to Divest from Payday Lending. NJ Citizen Action states having a continuing state pension fund spent, also indirectly

NJ Citizen Action states having a continuing state pension fund spent, also indirectly, in a type of lending unlawful into the state cannot stand.

Whenever Phyllis Salowe-Kaye discovered that the newest Jersey State Investment Council had invested $50 million state pension dollars with an exclusive equity company which used a few of the funds to acquire a predatory payday loan provider, she experienced the proverbial roof. The longtime administrator manager of brand new Jersey Citizen Action quickly assembled a strong coalition of customer security and civil legal rights advocates and started using stress on the payment to offer its stake when you look at the company. Payday financing is unlawful in nj-new jersey and she considered making use of state dollars to get a payday lender, at ab muscles least, a breach of ethics and conflict of great interest for the payment. Read More »