payday lending http://ripr.org en Bonus Q+A: Hodgson on 38 Studios, Guns, the General Assembly & More http://ripr.org/post/bonus-qa-hodgson-38-studios-guns-general-assembly-more <p>State Senator Dawson Hodgson (R-North Kingstown), the Republican candidate for attorney general joins Bonus Q&amp;A to discuss unanswered questions about 38 Studios, his challenge to AG Peter Kilmartin, his effort to impose stiffer sentences for illegally possessing a gun, and many other issues.</p><p></p> Fri, 25 Apr 2014 08:00:00 +0000 Ian Donnis 32574 at http://ripr.org Efforts To Curb Payday Lending At The Statehouse Once Again http://ripr.org/post/efforts-curb-payday-lending-statehouse-once-again <p>Legislation dealing with payday loans is once again working its way through the general assembly.</p><p></p><p></p><p>This is the latest of several attempts in recent years to curb payday lending in Rhode Island at the Statehouse.</p><p>The controversial practice offers quick loans, but they often come with interest rates that can soar to more than two-hundred fifty percent.</p><p>At the Statehouse, Representative Frank Ferri, and Senator Juan Pichardo announced they’ll introduce legislation capping payday loan interest rates at thirty six percent.</p> Tue, 04 Feb 2014 14:16:45 +0000 John Bender 28666 at http://ripr.org Efforts To Curb Payday Lending At The Statehouse Once Again Woonsocket Non-Profit To Offer Pay-Day Loan Alternative http://ripr.org/post/woonsocket-non-profit-offer-pay-day-loan-alternative <p>In Woonsocket Monday, a dedication ceremony will be held for a non-profit that helps people avoid the pitfalls of payday lenders. It's known as the “Capital Good Fund.”</p><p></p><p>Capital Good Fund is a brick and mortar store that offers people an alternative to high priced payday lenders.&nbsp; Funded by a 57-thousand dollar grant from the United Way, it expects to help 600 people a year, according to founder and director Andy Posner.</p> Mon, 04 Nov 2013 14:17:58 +0000 Flo Jonic 24246 at http://ripr.org For Third Year, Advocates Press Their Case Against Payday Lending http://ripr.org/post/third-year-advocates-press-their-case-against-payday-lending <p></p><p>Margaux Morisseau became a leader in the fight against payday lending after seeing its impact in the Constitution Hill neighborhood of Woonsocket. She works there as a community advocate for a nonprofit agency. This blue-collar neighborhood was once full of boarded up homes, and it has seen a comeback in recent years. But a payday lending shop moved in about three years ago and Morisseau says things have taken a turn for the worse.</p> Tue, 28 May 2013 08:00:00 +0000 Ian Donnis 15793 at http://ripr.org For Third Year, Advocates Press Their Case Against Payday Lending House Finance Committee Holds Hearing on Payday Lending http://ripr.org/post/house-finance-committee-holds-hearing-payday-lending <p>The outlook for cutting the interest rate charged by payday lenders remains unclear after the House Finance Committee Wednesday voted to hold two related bills for further study.&nbsp; Supporters and opponents describe the issue in completely different ways.</p><p></p><p></p> Thu, 16 May 2013 11:28:31 +0000 Ian Donnis 15317 at http://ripr.org House Finance Committee Holds Hearing on Payday Lending Payday Loans and Straight-Ticket Voting Under Scrutiny http://ripr.org/post/payday-loans-and-straight-ticket-voting-under-scrutiny <p></p><p>Two bills getting a lot of attention this legislative session will go under the microscope at committee hearings Tuesday. Lawmakers will be discussing legislation abolishing straight-ticket voting and restricting payday lenders.</p><p></p><p>Moderate Party founder Ken Block is leading an effort to do away with straight ticket voting, a practice also known as using the master lever. Block says the master lever sows confusion and gives an advantage to the ruling Democrats in the General Assembly.</p><p></p> Tue, 02 Apr 2013 12:33:20 +0000 Ian Donnis 12922 at http://ripr.org Payday Loans and Straight-Ticket Voting Under Scrutiny Rally Held for Changing Payday Lending in RI http://ripr.org/post/rally-held-changing-payday-lending-ri <p>Supporters of Payday Lending Reform held a rally at the State House this afternoon.</p><p></p><p>The legislation would cap the annual interest rate of Payday Loans at 36 percent.&nbsp; Similar legislation has come before the State House for the past three years only to be defeated.</p><p>Margaux Morisseau, the co-chair of the Rhode Island Payday Reform Coalition, believes this year is different.</p> Wed, 27 Mar 2013 22:05:25 +0000 John Bender 12673 at http://ripr.org Rally Held for Changing Payday Lending in RI Supporters Plan to Rally for Payday Loan Reform http://ripr.org/post/supporters-plan-rally-payday-loan-reform <p></p><p>The debate over payday lending is set to begin anew with a Statehouse rally Wednesday afternoon. &nbsp;Efforts to reduce the annual interest charged by payday lenders have died on Smith Hill for the last two years.</p><p></p><p>The mayors of Warwick, Cranston, Central Falls and Woonsocket are expected to take part in the rally being staged by the Rhode Island Payday Lending Reform Coalition.</p><p></p><p>Pay day loans are capped at $500, and are supposed to be paid back within two weeks. The annual interest rate on those loans can amount to 260 percent.</p><p></p> Wed, 27 Mar 2013 12:41:34 +0000 Ian Donnis 12627 at http://ripr.org TGIF: 10 things to know about RI politics + media http://ripr.org/post/tgif-10-things-know-about-ri-politics-media-0 <p>Welcome back to my Friday column. As always your tips and thoughts are weclome at idonnis (at) ripr (dot) org. Let's get to it.</p> Fri, 01 Feb 2013 21:09:04 +0000 Ian Donnis 9626 at http://ripr.org Pew report contradicts Speaker Fox's view on payday loans http://ripr.org/post/pew-report-contradicts-speaker-foxs-view-payday-loans <p><a href="http://www.pewtrusts.org/our_work_report_detail.aspx?id=85899406010">A report by the Pew Charitable Trusts</a> contradicts House Speaker Gordon Fox's view that clamping down on payday loans would push desperate borrowers to worse alternatives.</p><p>During <a href="http://www.ripr.org/post/fox-calls-jobs-and-same-sex-marriage-his-top-priorities-2013">an interview broadcast Thursday</a> on RIPR, Fox called payday loans "<a href="http://www.ripr.org/post/fox-calls-payday-loans-valid-tool-people-nowhere-else-go">a valid too</a>l" for people without other places to turn for money.</p> Thu, 10 Jan 2013 20:30:36 +0000 Ian Donnis 7509 at http://ripr.org