Catholics Join Call for Payday Lending Reform

By |2010-01-05T17:56:33-05:00January 5th, 2010|Categories: Featured|Tags: , , , |

The Iowa Catholic Conference today challenged the Iowa Legislature to finally reform payday lending to protect low-income and middle-income Iowans. Tom Chapman, the executive director of the Iowa Catholic Conference, spoke at a news conference at the Iowa Statehouse. “Interest rates on payday loans can approach or even exceed 400 percent,” said Chapman. “We believe these types [...]