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Need further assistance? Please call Member Services at 1-800-333-0663 Payday Loan Alternatives Becoming More Widely Available Aid is flowing to community financial institutions, so people who need to can borrow without taking on crippling debt By Brian Vines Illustration: iStock In the winter of 2016, Missy Juliette, now 36 and of St. Paul, Minn., had to choose between paying the rent and settling overdue heating and electric bills. Her credit cards were maxed out, and her wages were being garnished for back taxes. Getting a small loan from a bank wasn’t an option, nor was borrowing from family. “I’d asked them for money before and couldn’t face the humiliation of it,” she says. ....
Some states are clamping down on the payday lending industry, described by critics as a predatory practice that preys on the poor. But it appears unlikely that anything will change this year in Rhode Island one of just two New England states that allow payday lenders to charge the equivalent of triple-digit interest on loans. ....
Capital Good Fund receives $1.3M federal grant - Providence Business News pbn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pbn.com Daily Mail and Mail on Sunday newspapers.
Cambridge Savings Bank Provides $750K to CDFI - Banker & Tradesman bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.
Capital Good Fund brings immigrant-friendly, anti-predatory lending philosophy to Colorado bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.