payday lending

On Politics
6:29 pm
Fri February 13, 2015

TGIF: 18 Things to Know About Rhode Island Politics & Media

Cold enough for ya? We thought so. Give it time, and we'll be complaining about something else. Thanks for stopping by in the interim. As always, feel free to share your tips, thoughts, and to follow me on the twitters. Here we go.

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Political Roundtable
4:00 am
Fri April 25, 2014

Bonus Q+A: Hodgson on 38 Studios, Guns, the General Assembly & More

State Senator Dawson Hodgson (R-North Kingstown), the Republican candidate for attorney general joins Bonus Q&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.

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Economy
9:16 am
Tue February 4, 2014

Efforts To Curb Payday Lending At The Statehouse Once Again

The issue of payday lending has come up many times in recent years at the general assembly.
Credit RIPR FILE

Legislation dealing with payday loans is once again working its way through the general assembly.

This is the latest of several attempts in recent years to curb payday lending in Rhode Island at the Statehouse.

The controversial practice offers quick loans, but they often come with interest rates that can soar to more than two-hundred fifty percent.

At the Statehouse, Representative Frank Ferri, and Senator Juan Pichardo announced they’ll introduce legislation capping payday loan interest rates at thirty six percent.

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RI News
9:17 am
Mon November 4, 2013

Woonsocket Non-Profit To Offer Pay-Day Loan Alternative

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.”

Capital Good Fund is a brick and mortar store that offers people an alternative to high priced payday lenders.  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.

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Politics
4:00 am
Tue May 28, 2013

For Third Year, Advocates Press Their Case Against Payday Lending

Margaux Morisseau says she's seen how payday loans trap vulnerable people in a cycle of debt.
Credit Ian Donnis / RIPR

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.

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