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Rep. Jamillah Nasheed's Payday Loan Allies Threatening Houses of Worship | Missouri Political News Service

Rep. Jamilah Nasheed’s Payday Loan Allies Threatening Houses of Worship

January 18th, 2012 by mopns · No Comments

Rep. Jamilah “Lil’ Niecey” Nasheed

We’d certainly never tell you how to do your job Jo Mannies, but there has to be an angle here somewhere when an inner city state representative (who votes with Republicans and is challenging an incumbent state senator in her own party) is in the hip pockets of the payday loan industry!

St. Louis Beacon:

A law firm hired by the payday industry is blanketing the state with letters telling clergy, church board members and religious groups that their active support for a ballot initiative restricting payday loan interest rates could threaten their tax-exempt status.

The letters appear to have been sent out, in part, in response to a gathering of religious leaders in Jefferson City in favor of the proposed initiative, which would cap payday loan rates at 36 percent. Current rates can be more than 400 percent. “You know you’re on the right track when your opponents stick a nasty letter under a lawyer’s letterhead,” said the Rev. David Gerth, executive director of the St. Louis-based Metropolitan Congregations United (MCU). Read more…


Quote of the Day: Nasheed: “We Have to Focus on Our Communities”; Goes AWOL on Vote Extending Unemployment Benefits



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