BUT, they need to hear from consumers- that means you! We have an easy-to-use page where you can weigh in- it only takes a minute and will help bring about important consumer protections with these loans. Please share a line or two in the comments box about why you care about this issue and want to see strong federal reforms.
Over the course of the weekend, the youth participants will learn how predatory financial services and products have targeted low-income communities, immigrants, and minorities. Participants will also learn how grassroots organizing on issues like payday lending can lead to positive policy changes.
Activities will include
- discussions around personal finances and budgeting;
- a mini-film festival- videos will include “Get Paid, Not Played” “New ERA: Rooting Economic Power” and “U-PAY-US: The Payday Lending Show”;
- “Human Bingo”: A game that will illustrate who is targeted for predatory financial services;
- Youth and Adult Policy panel that will focus on local campaigns to restrict payday lending, as well as efforts at the state level.
At the conclusion of the retreat, the youth participants, in groups, will present action plans to address payday lending.
Liana explains, “This weekend is important for two reasons. First, the more people that know about the payday loan debt trap, including youth, the less likely they are to fall into it. Second, by learning about this industry and how it targets low income communities, youth are able to organize and work together to restrict payday lending- like we saw recently in Daly City: “Youth Take A Stand On Payday Lending’s Crippling Affect on Daly City” Other successes this fall in Sunnyvale and Long Beach are helping to create more momentum to restrict harmful payday lenders and other fringe lenders.”
Are you a Californian who has used a payday loan and would like to share your story? Do you want to get involved in local efforts to restrict payday lending in our communities? If so, please contact Liana Molina, CRC’s Payday Campaign Organizer: Liana@calreinvest.org or 415-864-3980.