By FREDERICK HAYNES and GEORGE MASON Published: 08 February 2015 07:06 PM Updated: 08 February 2015 10:02 PM Though the recession is over, for too many in our community, the economic recovery is little more than a rumor. Unfortunately, the strain of being financially strapped is compounded by predatory lenders who entice people with promises…
BY ALICE FORGY KERR February 23, 2015 Kentucky.com Payday loans have become a scourge on our state with interest rates that average more than 300 percent. Most payday borrowers end up trapped in debt because they cannot pay off their high-interest loans and also cover their normal living expenses. The borrower is forced to take…
Posted on February 24, 2015 by AARON WEAVER Stephen Reeves, CBF’s associate coordinator of partnerships and advocacy, spoke in favor of payday loan reform at a press conference today (Feb. 24) at the Kentucky State Capitol in Frankfort, Ky. Reeves’ remarks came as part of a two-day conference, Feb. 23-24, on the payday loan debt…