Predatory Lending
Predatory Lending Overview
November 22, 2010 - 18:27
For four years, Virginia Organizing has joined with many other organizations in urging the members of the Virginia General Assembly to stop predatory lenders and the financial trap they set for people in dire financial straights.
Danvile Vs. The Sharks
February 10, 2012 - 13:46
As of this week all the bills to curb predatory lending have died. Nevertheless, a dozen hearty Danville souls line the sidewalk in front of Advance America on Wednesday to send Senator Stanley a message.
Check out some of the great news coverage of the protest:
Predatory lending under protest in Danville
VIDEO: Bank of America's Trick or Treat Predatory Lending Scheme
October 31, 2011 - 14:07
Happy Halloween! There is nothing spookier than the big banks profiting off of millions of illegal foreclosures, taking billions of dollars in taxpayer funded bailouts and then funding predatory lenders who prey on our neighbors.
Virginians Hurt by Discriminatory Mortgage Practices
October 28, 2011 - 13:21
Crossposted on Take Me Home Virginia
A mortgage company from Midlothian VA has recently settled with the U.S. Justice Department because of discriminatory mortgage practices:
C&F charged greater interest rate markups (overages) and gave lesser discounts (underages) on home mortgage loans made to African-American and Hispanic borrowers,
Virginia payday lenders made 9.2 million illegal loans
April 26, 2011 - 14:25
Add the Virginia Supreme Court to the list of organizations and individuals that
understand payday lenders are peddling family-crushing debt.
Dear Abby: "I don't want to work for the payday loan industry!"
April 8, 2011 - 11:41
The following is a Dear Abby letter published in the KC Star. Even in a recession, the letter writer concludes that no-work is better than working in the predatory lending industry...
Dear Abby | KC woman doesn’t want to work for payday loan operation
By JEANNE PHILLIPS
On Car Title Lending, Virginia is not acting very neighborly.
March 30, 2011 - 16:01
This is a guest post by Connellee Armentrout.
House Vote on Car Title Lending: Money Wins Out Over Common Sense
February 22, 2011 - 09:52
Yesterday the House voted in favor of SB 1367 which would allow out of state drivers to take out a title loan in Virginia. The bill expands predatory lending and rolls back much of the progress made last year on car title lending. Now, our neighbors in Maryland, DC, West Virginia and North Carolina can come to Virginia to be preyed upon by predatory lenders who are not allowed to operate in their respective states.
About
Virginia Organizing is a statewide grassroots organization that brings people together to create a more just Virginia. Virginia Organizing especially encourages the participation of those who have traditionally had little or no voice in our society.
Virginia Organizing
703 Concord Avenue
Charlottesville, VA 22903
434-984-4655 ph, 434-984-2803 fax
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