Advocacy

Interested in how Payday loans compare to the other financial issues faced by underbanked populations? You’re in luck! In the following draft PDF, CDF founder Dan Leibsohn shares draft research conclusions from data generated through CDF’s flagship Community Check Cashing nonprofit money services storefront.

Click to view or download via PDF: Payday Loans, Debt […]

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written by Dan Leibsohn

Payday Loans

The issue of payday lending and other high interest installment loans for mostly low income people with poor credit has become a large issue throughout the country recently. The Consumer Financial Protection Bureau (CFPB) has brought this issue into even greater focus recently with the announcement of its […]

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Originally published on The Huffington Post.

There has been lots of controversy over the U.S. Postal Service’s plan to sell off dozens of post office properties across the country by a real estate firm chaired by the husband of the Senior U.S. Senator from California, presumably to raise money to save the agency. […]

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Originally published on The Huffington Post.

Almost four years ago, I wrote about a new non-profit check cashing and payday lender that opened in the Fruitvale area of Oakland, California in the San Francisco Bay Area. This alternative to private sector financial parasites, for-profit check cashers and payday lenders, has not […]

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All told, $1.6 billion each year of interest, excessive fees, and other exorbitant costs are being charged to poor people every single day, making it almost physically and fiscally impossible for individuals to exit the poverty cycle. Most often, minorities and immigrants, as well as poor whites, are all locked in a financial roundabout in which there is no escape.

Today, the number of private check cashers, payday lenders and pawnshops is more than double the number of McDonald’s franchises in the United States. More than 20 million Americans cash more than $60 billion in checks each year at check cashing businesses

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