Payday Lending Expansion Bill Passes in the Michigan House 
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Payday Lending Expansion Bill Passes in the Michigan House 

FOR IMMEDIATE RELEASE                May 27, 2020 Contact: Jessica AcMoody Policy Director, CEDAM acmoody@cedamichigan.org (517) 231-6139 Payday Lending Expansion Bill Passes in the Michigan House  The proposed legislation could result in borrowers owing more than $4,000 on a $2,500 loan LANSING— Today the Michigan House of Representatives approved House...

Helping unbanked individuals receive their stimulus payments quickly
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Helping unbanked individuals receive their stimulus payments quickly

Stimulus payments are being issued, but for many unbanked individuals it could mean months of unnecessary delay before receiving their payment.  By Sydney Lipton, junior policy associate and Brian Rakovitis, manager of financial empowerment initiatives The Federal government recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and is disbursing economic impact payments...

Empowering Michigan communities: Immediate and long-term policy responses to COVID-19
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Empowering Michigan communities: Immediate and long-term policy responses to COVID-19

We’ve seen the many ways that the COVID-19 pandemic has affected and altered our daily lives and business as we know it. The crisis is exposing the weaknesses in our social safety net like never before—and financially vulnerable households that were living paycheck-to-paycheck before the pandemic are especially at risk. There are immediate and long-term...

Stimulus checks: Making sure low income households receive an economic impact payment
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Stimulus checks: Making sure low income households receive an economic impact payment

By now you have probably heard that the federal government, as part of their Coronavirus Aid, Relief and Economic Security Act, plans to disburse economic impact payments (sometimes referred to as stimulus checks) to provide financial relief to individuals and families during the COVID-19 pandemic. However, requirements laid out by the federal government to receive...