Thousands of Idaho residents are strapped for cash. The economic recession has devastated the lives of Idahoans across the state. As the need to make the dollar stretch increase, financial resources from traditional banks decrease. Payday loan centers have seized an opportunity to profit from the misfortune of those in need. Predatory lenders have lined the sidewalksContinue reading “Taking on Predatory Lending in Idaho”
Tag Archives: payday lending
ICAN Demands Wells Fargo Change Overdraft System & Payday Lending Practices
On Tuesday, October 26th, members of the Idaho Community Action Network gathered outside of the Wells Fargo bank in Pocatello, Idaho to demand changes to the bank’s excessive overdraft system. Many Idahoans have experienced the pains of the economic recession and are in a state of discontent with Wells Fargo’s failure to address the financialContinue reading “ICAN Demands Wells Fargo Change Overdraft System & Payday Lending Practices”
Colorado Progressive Coalition Hails Payday Lending Reform Passage
On May 5th, 2010, the Colorado state legislature passed a payday lending reform bill that is a huge victory against predatory lending, and will benefit an estimated 200,000 low-income Coloradans annually.