Merkley and Bonamici Celebrate Sixth Anniversary of Landmark Payday Lending Law in Oregon by Calling for National Action
Portland, OR вЂ“ OregonвЂ™s Senator Jeff Merkley and Congresswoman Suzanne Bonamici marked the sixth anniversary of this landmark legislation curbing predatory payday loans which they helped pass within the Oregon legislature by calling for national action to get rid of payday lending and close online payday lending loopholes. They certainly were joined by customer security advocates in the Oregon Food Bank to emphasize a report that is new Economic Fairness Oregon that details the millions in cost cost cost savings to people that lead from OregonвЂ™s ban.
вЂњWhen families have been in serious straits, there are numerous great people and organizations just like the Oregon Food Bank and Economic Fairness Oregon prepared to assist them to,вЂќ Merkley said. вЂњUnfortunately, there are additionally loads of other people prepared to tear them down. Six years back we place end to at least one of this worst abuses вЂ“ predatory loans that trap families in a vortex of financial obligation. Today, Oregon customers have $160 million more within their pocket because of this. ThatвЂ™s an archive of success we want to expand nationwide.вЂќ