Newsletters
March 2023 Update
Strategic Growth At this crucial time for our organization, our leadership team and Board of Directors are dreaming big to inform the strategic direction of Exodus Lending in the years ahead. In February, we held our annual all-day Board Retreat in partnership with Catch Your Dream Consulting and Compass Pro Bono Consulting to anchor our Read more March 2023 Update
February 2023 Update
Stop the Debt Trap Day on the Hill Good news, folks: lawmakers are considering a bill that will cap interest rates on payday loans at 36%. So let’s make 2023 the year we end the payday loan debt trap in Minnesota. Join us on February 28th for a “Stop the Debt Trap Day on the Read more February 2023 Update
January 2023 Update
It’s Time to Get Loud! We at Exodus Lending are celebrating a new year full of opportunities to practice equitable lending with our community partners and advocate for fair access to credit without predation. 2023 also offers us a real shot to make legislative change on the issue of payday lending. Due to the current Read more January 2023 Update
December 2022 Update
Thank You! We at Exodus Lending have much to be thankful for as we reflect on 2022 and plan for 2023. Firstly, we are thankful for YOU – our community of supporters who sustain and nourish us financially and spiritually to carry forward our mission. As we close 2022, we are also thankful that we… Read more December 2022 Update
November 2022 Update
Donate to Dismantle Debilitating Debt So far this year, we’ve refinanced loans with APRs as “low” as 78% and as high as 795%. While this range includes a mix of loan and lender types (from fully licensed to, um, let’s say, questionable legality), the common denominator is that they all harm our neighbors’ financial health Read more November 2022 Update
October 2022 Update
Welcome, Minnesotans for Fair Lending! We are very excited to share that Exodus Lending has incorporated the Minnesotans for Fair Lending (MFL) into our organization. MFL is a non-partisan campaign and coalition dedicated to eradicating the predatory aspects of payday lending across Minnesota and nationally. For years, MFL has successfully used grassroots organizing to advance Read more October 2022 Update
September 2022 Update
Trends in Our Refinancing Program So far in 2022, our refinancing program has served 54 Minnesotans and paid off $61,371 of payday, auto title, installment, and pawn loans. That’s an average of $1,137 per enrollment – the highest yearly average in our program history! This spike is due to more borrowers struggling with title or Read more September 2022 Update
Annual Report 2021
Exodus Lending’s full Annual Report can be downloaded by following this hyperlink: Annual Report 2021 Annual Report 2021 by Anika Riewe on Scribd
August 2022 Update
“I feel like I got a master’s degree in predatory lending!” Can you believe it has been six months since Anne stepped into the Executive Director role?! Since February, she jumped right into the work and has been busy helping us to grow internally, build new partnerships, and spread the word about our program. For Read more August 2022 Update
July 2022 Update
✨Thank You!✨ Thank you to the 110 people who attended our successful “Lending & Transcending” fundraiser. For this event, our generous supporters gave 85 gifts and pledges totaling nearly $30,000! Our successful fundraiser was a joyous celebration of community-centered healing, art, and entertainment. As always, we are honored to partner with you as we continue Read more July 2022 Update