201605.10
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CFPB Finds Half of Online Payday Borrowers Rack Up an Average of $185 in Bank Penalties The Consumer Finance Protection Bureau (CFPB), issued a new report that examines online payday loan payments. “The report found that online lenders’ attempts to debit payments from a consumer’s checking account add a steep hidden cost to online payday...
201601.28
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Episode 13 FCRT NJ Payday Loan Divestment Discussion with NJCA’s Beverly Brown Ruggia

The guest today on the podcast is Beverly Brown Ruggia who oversaw the payday loan divestment project for NJ Citizen Action. We are following up on a press release that appeared yesterday 1/27/16 : Victory for NJ Consumers and Pension Holders State Divests Pension Funds from Illegal Payday Lender (Note: Adam Deutsch originally discussed this story on May…

201601.28
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NJSIC Divests Pension Funds from Illegal Payday Lender

Victory for NJ Consumers and Pension Holders State Divests Pension Funds from Illegal Payday Lender FOR IMMEDIATE RELEASE:  Wednesday, January 27, 2016 (Trenton, NJ)– Today, New Jersey Citizen Action (NJCA) commended the New Jersey State Investment Council (NJSIC) on its announcement that it has formally divested New Jersey pension fund money from JLL Partners, which…

201505.06
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New Jersey must cut links to unscrupulous payday-loan company

State’s public pension fund has $50 million stake in high-interest lending firm that’s banned in NJ New Jersey maintains a statute that prohibits payday-lending companies from operating within the state. Despite this prohibition, a recent article published by Fortune.com revealed that New Jersey’s public pension fund has invested $50 million in a private equity fund that owns…