HB 4251 Would Cap Rates on Triple-digit Interest Predatory Loans in Michigan
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HB 4251 Would Cap Rates on Triple-digit Interest Predatory Loans in Michigan

FOR IMMEDIATE RELEASE               February 27, 2019 Contact: Jessica AcMoody, Senior Policy Specialist, CEDAM                 acmoody@cedamichigan.org | 517.485.3588 HB 4251 Would Cap Rates on Triple-digit Interest Predatory Loans in Michigan Lawmakers should pass 36% rate cap to stop the payday lending debt trap LANSING, MI...

Federal Tax Changes: What Should You Do If You Owe More Than Expected?
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Federal Tax Changes: What Should You Do If You Owe More Than Expected?

By Ross Yednock, MEIC Program Director There have been significant federal tax changes during the past few years that will impact hard working taxpayers across Michigan. One of those changes resulted in the delay of some refunds, while the most recent appears to yield smaller refunds. Changes as a result of the Tax Cuts and...

CFPB Moves to Gut Payday Lending Rule Designed to Reduce Abuses; State Protections Are Crucial
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CFPB Moves to Gut Payday Lending Rule Designed to Reduce Abuses; State Protections Are Crucial

FOR IMMEDIATE RELEASE     February 7, 2019 Contact: Jessica AcMoody, Senior Policy Specialist, CEDAM 517.485.3588 ext. 1944 | acmoody@cedamichigan.org A 36% Usury Cap Would Keep Loan Sharks at Bay Lansing, MI — Today, the Consumer Financial Protection Bureau (CFPB) moved to gut the agency’s own consumer protections against predatory payday lenders, leaving Michigan families exposed...

Michigan Communities for Responsible Lending Coalition to Tackle Payday Loans
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Michigan Communities for Responsible Lending Coalition to Tackle Payday Loans

By Emily Reyst, communications & training associate Background In July, CEDAM established the Michigan Communities for Responsible Lending (MCRL) coalition, its goal being to create opportunities for Michigan residents to build and save assets, improve access to quality financial education and connect borrowers to affordable financial products. The coalition plans to address the payday lending...

Let’s Not Cheat Two Generations from Meeting their Full Potential
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Let’s Not Cheat Two Generations from Meeting their Full Potential

By Alicia Guevara Warren, Michigan League for Public Policy (MLPP)  For those of us who have kids, the struggles of being a new parent are unforgettable. Kids don’t come with a handbook or instruction booklet, and we often feel like we are learning as we go along. It doesn’t matter how old you were when you...

Proposed Public Charge Changes Puts Housing, Health and Economic Well-being at Risk for Michigan’s Immigrant Families
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Proposed Public Charge Changes Puts Housing, Health and Economic Well-being at Risk for Michigan’s Immigrant Families

By Rep. Steve Tobocman, executive director of Global Detroit Michigan’s immigrant story is deeply woven into the history of the state. Take my grandfather, Morris Tobocman, who immigrated to Detroit from Poland a century ago to pursue the American Dream. He had almost no formal education, arrived penniless and knew no English. Like so many...

Michigan’s 2018 Ballot Proposals: A Breakdown
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Michigan’s 2018 Ballot Proposals: A Breakdown

Michigan’s 2018 Ballot Proposals By Trenton Sabo, junior policy associate Ballot Proposal 1: The Legalization of Marijuana The legalization of marijuana is extremely popular in the State of Michigan. A clickondetroit.com poll found that Michigan residents in every age classification, with the exception of 65+, supported the universal legalization of marijuana in the state by...

Introducing New CEDAM Team Member Troy Villanueva, Housing Policy Associate
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Introducing New CEDAM Team Member Troy Villanueva, Housing Policy Associate

By Camille Allen, junior communications associate CEDAM is excited to welcome Troy Villanueva, CEDAM’s new housing policy associate, to the team! A safe, affordable home (whether a rental or your own home) is critical to improving health, education and economic outcomes for families. Homeownership can be an important way to build equity and can be...

Eviction is Heartbreaking, and it’s Solvable: Lessons from Matthew Desmond
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Eviction is Heartbreaking, and it’s Solvable: Lessons from Matthew Desmond

By Emily Reyst, communications and training associate Ashamed, heartbroken, inspired—I felt it all within a short period of thirty minutes. If you’ve read Matthew Desmond’s Pulitzer Prize winning book Evicted: Poverty and Profit in the American City, or if you’ve had the opportunity to hear him speak, these sentiments likely resonate with you. Desmond is...