Faith Leaders to Candidates: Return Contributions From Payday/Car Title Lenders

August 27, 2013
Public News Service  
payday lending news

The Virginia Interfaith Center for Public Policy, a coalition of faith leaders, says political candidates are taking money out of the pockets of the state's most financially disadvantaged residents when they accept campaign contributions from payday lenders.

According to the Virginia Public Access Project, the state's gubernatorial candidates have accepted $35,000 in contributions this year from payday lenders, their founders, or related donations. Program director Holly Coy says the organization is calling on all seven candidates for statewide office to return contributions from payday and auto title lenders. "These businesses make a profit off of taking advantage of people who are struggling to make ends meet, and that money getting poured into campaigns is not good for the Commonwealth as a whole," she declared. Coy added that faith leaders want candidates to take a public stand against these types of lending practices.

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