Lucy Boettner shows her patriotic spirit
Happy 4th of July from all of us at the West Virginia Center on Budget and Policy!
Questions about where to get flood recovery assistance? Want to volunteer? The West Virginia Nonprofit Association has set up this page with lots of helpful information and county-by-county resources.
Several states will vote this November on whether or not to legalize marijuana. If West Virginia passed such a measure, what would it mean for the state’s budget? Find out at our next Lunch and Learn on July 13 from 11:30AM – 1:00PM at the West Virginia Covenant House. Bring your lunch and join in on the conversation!
It’s Shark Week! The real dangerous sharks are not in the sea, but in our neighboring states, stripping billions of dollars from families and their communities.
This year, while we celebrate the fact that the Consumer Financial Protection Bureau (CFPB) has proposed a new rule to keep loan sharks at bay, we have work to do. The rule as proposed contains loopholes that will still let loan sharks take a bite out of consumers.
Payday loans notoriously carry 300+% APR (annual percentage rate). Strategically located in low-income neighborhoods, payday lenders intentionally trap borrowers in debt that they cannot escape. The average payday borrower is trapped by ten transactions in a year.
Though West Virginia does not legalize these predatory loans, we still need a strong rule. Payday lenders will use a weak rule to seek a green light to come into West Virginia.
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