TN Fatima

Main Menu

  • Home
  • Educational institution
  • Education group
  • Learning environment
  • Learning institution
  • More
    • Learning finance

TN Fatima

Header Banner

TN Fatima

  • Home
  • Educational institution
  • Education group
  • Learning environment
  • Learning institution
  • More
    • Learning finance
Learning finance
Home›Learning finance›Topeka JUMP Holds Rally Against Payday Loans

Topeka JUMP Holds Rally Against Payday Loans

By Elizabeth D. Ezell
January 19, 2022
0
0

TOPEKA, Kan. (WIBW) – With payday lenders able to charge up to 391% interest in the Sunflower State, community leaders have called on Kansas lawmakers to change.

Topeka JUMP says community members from local and state organizations came together to demand reform of payday lending practices across the Sunflower State on Wednesday, January 19.

Kansans for Payday Loan Reform organized the rally to call the community and the Kansas Legislature to action.

“Predatory lending puts people who are already economically disadvantaged even further away,” said Rabbi Moti Rieber of Kansas Interfaith Action. “It takes money out of the pockets of the hard-working poor.”

KIFA joined the coalition because members wanted to ensure borrowers are protected from outrageous lending practices that charge up to 391% interest and fees in the state of Kansas.

Elizabeth Lewis, Director of Maternal and Child Initiatives for March of Dimes, said his organization was concerned about the burden that poverty places on mothers, babies and families. She said the MOD’s national strategic plan aims to disrupt economic insecurity across the lifespan, which negatively impacts the financial well-being of families and contributes to the abuse of mothers and babies.

“These types of short-term loans are linked to people of color, people living in poverty, and single-parent families in need of money for food and medical expenses,” Lewis said. “There is scientific evidence that increased stress can contribute to low birth weight, malnutrition and other health issues like high blood pressure, obesity and shorter life expectancy.”

Currently, JUMP said payday lenders are allowed to charge Kansans up to 391% interest. He said borrowers can borrow up to $500, but many are forced to re-borrow to save money for rent, bills, food and gas.

The gathering was held virtually with key speakers and stakeholders gathered at Grace Episcopal Cathedral.

To watch the rally, click HERE.

To see the coalition’s petition, click on HERE.

Copyright 2022 WIBW. All rights reserved.

Related posts:

  1. 4 Ways To Get Creative To Fix Your Credit Score
  2. How predatory payday lenders keep customers hooked
  3. Late Payments, Bad Credit Could Affect Your Electricity Bill :: WRAL.com
  4. Loans that help you solve your car problems

CATEGORIES

  • Education group
  • Educational institution
  • Learning environment
  • Learning finance
  • Learning institution

RECENT POSTS

  • Loans Vs. Line of Credit: Which is Right for You?
  • An educational institution in the remote village of Taplejung attracts students from distant places
  • Beware of payday advance promises
  • Financial Plus Credit Union Takes Innovative Approach to Designing Member-Centric Products
  • Korean anti-doping expert joins IOC’s main educational institution

ARCHIVES

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • February 2018
  • January 2018
  • July 2017
  • April 2017
  • March 2017
  • February 2017
  • September 2016
  • February 2016
  • December 2015
  • November 2015
  • July 2015
  • October 2014
  • June 2014
  • March 2010
  • Privacy Policy
  • Terms and Conditions