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payday loans

Faith leaders call for payday lending interest cap

in Statewide/Top Headlines by

A group of clergy is asking the Constitution Revision Commission to adopt a proposal capping payday loan interest rates at 30 percent per year. The proposed constitutional amendment was filed last Friday, records show, by Bishop Adam Jefferson Richardson Jr. of the African Methodist Episcopal Church. Proponents, who held a Tuesday news conference at the Capitol, said it was modeled after a similar initiative in New Mexico.

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Bill Foster targeted in new mailer

in The Bay and the 'Burg by

From the Bay Buzz, which doled out hat tip to me for the image I gave the Times: Bill Foster is the target of a mailer criticizing his tax record while on the City Council. The mailer, which is apparently paid for by a group that calls itself the Committee for Responsible Representation, says Foster voted to increase city property taxes 64 percent from 1999 to 2006. The mailer also says Foster accepted a 40 percent pay raise in 2005…

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