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Nj-new jersey Divests from Payday Lending. This article that is informative starred in Shelterforce.

Whenever Phyllis Salowe-Kaye unearthed that this nj-new jersey State Investment Council (NJSIC) had invested 50 million state your retirement dollars with a special equity business that used a number of the funds to obtain a predatory payday loan company, she experienced the proverbial roof. The administrator this is certainly longtime of this latest Jersey resident Action (NJCA) quickly assembled a robust coalition of client protection and civil liberties advocates and began using anxiety on the re re re re re payment to supply its stake in the business. Continue Reading…