Pay Day Lenders Beware…

payday lenders beware; coming to a sidewalk near you…

black-bear

by problembear

these guys are evil personified on earth!

let’s just make it a date for around may 2010, shall we?

i want to be sure and let you know that we want to get close to your business with our signs and talk to a few folks….hope you won’t mind….i will try and stay upwind….so you get the full effect.

he’s stinky, he’s wide, he’s a problem….and he’s coming to a sidewalk near you….also a great big problembear shout out to all those montana legislators who voted in this legislative session to allow predatory payday and vehicle title loan businesses to continue to charge montana’s working poor up to 650% interest. we won’t forget you either. i promise…..we will visit your legislative districts to give a great big bear hug to all who join montana’s citizens; republicans, democrats, progressives and independents who demand regulation of this industry, and to stump for your more fair-minded opponents.

this report proves that payday lenders are predators who make their money luring poor workers into endless traps…

*as of the date of this posting Mt initiative petition #25 which seeks to regulate payday lenders to reasonable interest rates is in limbo as it awaits the state attorney general’s review for legal language sufficiency. i will update here and on twitter as more news is available.

meanwhile there is still hope that obama will be able to get us some help in regulating payday lenders in the current federal bank regulation bill, but heavy lobbying by wealthy payday lenders is being applied. we need to apply some pressure directly on the lenders themselves by direct action in exposing them for their greed and the damage they do to working families in montana.

one senator in washington in particular has pretty dirty hands on this one…

dates will be posted soon.*if you want to help me gather signatures for the Montana payday lending initiative please leave a comment here and i will be in touch. thanks

by the way- if anyone knows where i can rent or borrow a bear suit size XXXXlarge or at least a bear head for saturdays in may please let me know here. thanks.

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thank god somebody has some common sense in this country

satan

because it is about time somebody put the brakes on payday lenders and vehicle title lenders in this country. President Obama promised he would fix this and we who work among the poor in trying to lessen their suffering sure wish somebody would. our most vulnerable citizens – the marginally poor workers and the underpaid workers in america are being preyed upon and their hope is being devoured by the interest rates these demonic businesses charge. imagine paying 25.00 for a 100 dollar loan for two weeks! that is the allowable charge under montana state law (a whopping 650% interest rate!)

the pathetic legislature in montana failed to muster enough moral gumption to pass a law protecting our most vulnerable citizens during the current legislative session from these slime devils but fortunately Senator Durbin of Illinois has introduced S 500 in the US senate which should alleviate this scourge from our midst.

rest assured i will be tracking the progress of S 500 as it wends its way through congress. let’s all hope this ends the enslavement of our most vulnerable workers in america and soon!

another fine group working on this is called work forward. it looks like a decent organization with doable goals. give it a look.