Group Rallies Against High-Interest Lending Practices In Kenosha, State

Posted by Spanish Journal | Mar 29, 2018 | Wisconsin News Briefs

Several people were protesting proposed rollbacks of federal consumer protections.

Leading the protest was Jonathan Barker, minster of Grace Lutheran Church, 2001 60th St. The rally was co-sponsored by the church, the ELCA Outreach Center and the Wisconsin Public Interest Research Group. Before marching down 60th Street to the loan store, the group gathered on the church’s front lawn and parking lot.

“Payday lenders target low-income borrowers already in financial distress, drawing them into a spiral of growing debt,” said Emma Fisher, WISPIRG event organizer. Citing statistics from the Wisconsin Department of Financial Institutions, she noted skyrocketing interest rates often hit 500 percent.

The rally called attention to a recent blow dealt to the government agency that had been working to change those dynamics.

“Some members of Congress are pushing to undo new protections for America’s most vulnerable consumers and the Consumer Financial Protection Bureau,” Fisher said. She referred to proposed regulations to curb runaway interest rates levied by check-cashing companies finalized last October by the bureau.

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Spanish Journal

The Spanish Journal offers its readers a bilingual publication with local news, public information, sports, Spanish T.V. guide, movie review, religion, community events, food recipes, community calendar, classified, and monthly housing supplement, etc., which makes the newspaper a primary source of information. The Spanish Journal, Wisconsin’s largest leading weekly Hispanic publication with a circulation that reaches the Hispanic communities in Milwaukee, Green Bay, Kenosha, Racine, Waukesha and their surrounding suburbs. This is the perfect vehicle you need to reach the Hispanic consumers in Southeastern Wisconsin especially the Kenosha and Racine area. The Hispanic market is the fastest growing market in the United States, traditionally; Hispanics have strong family values and are known to devote their economic resources on products they are familiar with. In return, they spend billions of dollars each year on visible products in their community that have a direct or indirect impact on their lives.