TKC BREAKING NEWS!!! KANSAS CITY MIDTOWN PAYDAY LOAN PROTEST IN FRONT OF MAIN STREET SPEEDY CASH!!!
Communities Creating Opportunity (CCO) along with other local faith-based and social justice organizations staged a protest today in front of a Midtown Kansas City Payday Loan establishment.
The protest was in response to a recent Missouri General Assembly decision to leave more payday loan regulation off the ballot.
The protest also included calls to raise Missouri's minimum wage.
It was a good turnout for a midweek afternoon.
For once I was able to use the sweep panorama function on my camera so that was kind of cool.
Shouts of "predatory lending" and other rallying cries echoed through the group.
Today's protest was exceptionally relevant given that Missouri residents use payday loans twice as much as the national average.
As the speeches began there was an ongoing promise to continue the fight against predatory lending and in support of the minimum wage. However, during the latest legislative session it was clear to see that the payday loan industry was successful in preventing even the question of more regulation getting to voters.
DEVELOPING . . .
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25 Comments:
Here's a good idea: Don't use payday loans if you can't pay it back.
So what the fuck is wrong with 300% interest on a loan? Sounds fair to me.
Sincerely,
Vito Corleone
It's like I've been sayin', these payday loan shops have been muscling in on the family business for too long. Johnny Joe, go get your brother and a couple of baseball bats, we're back in business!
Your story is incorrect. The groups involved failed to meet the requirements established by the Secretary of States office. It had nothing to do with the Missouri General Assembly. The payday loan companies have to publish their rates. What is the percentage of profit on a bottle of water.
P.S. It's well over 400%
Piss poor protest. Isn't it amazing this town is so phony that 20 people can get that much press?
That low turnout wasn't newsworthy at all. Obviously, no one cares about those ripoff outfits.
With all the crooks operating with the blessing of the state how is it these guys stand out?
Predatory Lending?
I didn't know they was hitting the streets and dragging people into their stores and forcing them to take out these high interest loans.
People need to be responsible for their actions. If you get one of these loans you have to pay it back same as you would a bank.
Besides how is this anymore a rip off than say Rent A Center or Arrons Rents?
Super Dave
+1
I agree. Nobody forces peole to use these loans.
Superdave and Chuck, I suspect you never been in dire straits where you actually had to worry about how to put a roof over your head.
Fact: Poverty is running rampant in this country.
Fact: No one gives a fuck as long as they got their share.
Yeah, butt dem lotto numbazz Iz comIn in and I'ze gunna bees able twos pay off all mize loans and if dat don't happen Obama sez weez gonna git dem reparayshunz monies when he be gittin re-elected. True dat.
Yeah, butt dem lotto numbazz Iz comIn in and I'ze gunna bees able twos pay off all mize loans and if dat don't happen Obama sez weez gonna git dem reparayshunz monies when he be gittin re-elected. True dat.
Yeah, butt dem lotto numbazz Iz comIn in and I'ze gunna bees able twos pay off all mize loans and if dat don't happen Obama sez weez gonna git dem reparayshunz monies when he be gittin re-elected. True dat.
@8:57
Well you are wrong dumbass.
Was on my own at a very young age 16 and had to pay for place to live, college and all that good stuff. Many times I had no idea where money for food was going to come from since all other bills took it. So yes I have done without many times but I worked my ass off and made it and didn't fall for anything that robbed me of my hard earned money.
Super dumb, you and Chuck are fucking unbelievable.
Why don't you look up usury laws and why these were put in place.
Missouri has the worst record in the country when it comes to the repeal of these laws.
Don't expect Callahan or Talboy to say anything either, folks. Those two scumbags are already paid off.
Kiki took their money as well.
WTF was that rambling bullshit about?
Learn how to manage your food stamps and welfare checks and you won't need a fucking 10 day loan at 300%. Losers
Most people in need of a payday loan make poor decisions anyway.
Big surprise they make poor financial decisions taking loans at 400% interest.
IRS
Look, until you meet someone who actually uses a payday lender or title loan place, you never really understand what its about.
I work with this guy who is always running into trouble with these payday lender places. He's had for years these loans and cant ever get enough to pay them off. The interest is so high that all he ever does is pay back the accured interest and never the principal which is the whole point.
By definition, these places are predatory since nobody with any common sense or more than an 8th grade education would dare set foot in them. That's why you only see them in the ghetto around town. They don't have a title loan place in Briarcliff or a post dated check cashing store in Brookside. These places prey on the ignorant and stupid.
The fastest way to learn the power of compound interest is to take out a payday loan. They're quite destructive to people.
Super Dumb,
The idea is this since you can't decipher what was said earlier:
Usury laws were set in place to regulate immoral lending practices by most state governments.
Sort of a consumer protection if you will.
The credit card folks managed to get around these laws with national charter banks and operating out of states that had loose usury laws.
Now here in the great state of Missourah, the title lending places have really had their way with the state legislature giving big money to shitheads such as Steve Tilley and pretend Democrats such as Talboy, Callahan and the ever eating Kiki Curls. So when it comes to payday lending, Missourah leads the nation backwards once again.
Since we manage to somehow not have a functioning school system, the poor, ignorant and desperate folks really are a plenty.
By the way, these pay day loan shark joints are all over the metro and not just in the hood.
Please, please, please try to stop being such an ignorant douche bag.
I swear you and Chuck must be using the same bowel for a brain.
I guess you are ok with getting rid of Lemon Laws, and other legislation that is designed to keep immoral businesses from ripping off the our fellow citizens.
By the way, the Payday loan folks are operating out of Johnson County.
Well dumbass I say you didn't read what I said real close either.
Look if you are so stupid to make a loan with these folks you deserve the ass fucking you get.
Notice nobody is hounding the rent to own joints who do the same damn thing.
When things were relly hard for me money wise for about 3 years I made it and didn't make stupid loans or student loans for that matter. I always found a way to get extra money if one looks hard enough extra work can be found.
If your goal in life is to protect the idiots and poor people then get off your fat ass and do so. Become the Clay Chastain type person for the poor folks who makes stupid choices in life. Go work the streets yourself and take all these poor choice making idiots under your arm and protect them.
Until then shut the fuck up about Chucks and mines opinions about this because the same as your opinion they do make a lot of sense if not more.
I do care about all people making a fair salary but you see the issue is way to many, are way to fucking lazy to go and work for one.
As well people such as yourself think things need to be changed to protect others but other than bitching about it you are to fucking lazy to go out and really do something about it. No you would rather call people names and make ignorant comments about people who have opinions that are legal by the way and support smart lifestyle living as well.
Northeast Kansas City has more legal loan shark spots than any other place in Missouri. The State Rep....? John Rizzo - one of TKC's fav "power players".
dave you blew your rhetorical load there. and nobody cares.
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