Dec
Let me make it clear about Getting nj-new jersey to Divest from Payday Lending
NJ Citizen Action states having a continuing state pension fund spent, even indirectly, in a type of lending illegal into the state cannot stand.
Whenever Phyllis Salowe-Kaye discovered that the latest Jersey State Investment Council had spent $50 million state retirement dollars with an exclusive Tennessee online loans equity firm which used a number of the funds to acquire a predatory payday loan provider, she had the roof that is proverbial. The executive that is longtime of brand new Jersey Citizen Action quickly assembled a strong coalition of customer security and civil liberties advocates and started using strain on the payment to market its stake within the company. Payday lending is unlawful in nj and she considered the application of state bucks to shop for a lender that is payday at ab muscles least, a breach of ethics and conflict of great interest when it comes to payment.