anika
Consumer protection agency, Congress balk at payday lending reform
Jim Spencer from the Star Tribune reports on the Consumer Financial Protection Bureau’s recent attempts to delay and/or eliminate new regulations that would require payday lenders to ensure borrowers’ ability to repay while sharing how Exodus Lending has helped more than 165 Minnesotans break free from the vicious cycle of payday loan debt. “Exodus [Lending] Read more Consumer protection agency, Congress balk at payday lending reform
What would happen if big banks competed with payday lenders?
Check out this MPR News segment on payday lending, from Kerri Miller and Elizabeth Schockman in September 2018. It features the Association for Black Financial Power director Me’Lea Connelly, journalist and author Gary Rivlin, and a call-in from our executive director, Sara Nelson-Pallmeyer. What would happen if big banks competed with payday lenders?
Annual Report 2017
Exodus Lending’s full Annual Report can be downloaded near the bottom of this page or by following this hyperlink: Annual Report from 2017. Annual Report 2017 by Anika Riewe on Scribd
Sandy’s Story
No matter how many hours Sandy* worked, her paycheck was never enough to cover housing, groceries, and car maintenance. Every time she turned around it was “car repairs, car repairs, then more car repairs.” Keeping up with the bills and everyday expenses was a constant struggle, so she took out her first payday loan. Although Read more Sandy’s Story