Citizens seeking to regulate predatory payday lending

[mojogeorgo]

Last Tuesday's Columbus Dispatch had an article about the B.R.E.A.D. Assembly I attended on Monday, May 7. It's a pretty decent overview of the meeting, attended by 2000 central Ohioans. My quibble is that the people representing the payday lending industry get the "last word" in the article, but I can counterbalance that by sharing the transcript of the part of the meeting where a B.R.E.A.D. representative answered those claims.

After sharing the story of one central Ohio resident who borrowed $500 to help her son in a time of financial hardship and ended up in a cycle of increasing debt, the article by Sherri Williams outlines what B.R.E.A.D. is trying to accomplish with this issue:

(Click for the rest)
http://independentbloggersalliance.blogspot.com/2007/05/this-is-part-where-we-do-justice.html

[NYC]

1. An organization against predatory lending:

http://www.affil.org