Legislature Praised for Maintaining Funding for FIP grant
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ARIZONA CATHOLIC CONFERENCE UPDATE (9/29/09)
Round One |
Charities Director Briefs Lawmakers On Payday Lending
The director of Catholic Charities of the La Crosse diocese joined several other experts in the State Capitol on September 16 to make the case for strong regulation of the payday lending industry in Wisconsin.
Deacon Richard Sage, whose agency operates family financial counseling services across the 19 counties of the diocese, informed over 50 legislators and staff of the hardship that individuals and families endure when they are "ensnared in unregulated payday loans."
Under current law, while the Department of Financial Institutions (DFI) must license all payday lenders operating in the state, it currently does not have the authority to regulate the amount of a loan, the interest charged, or the number of times a loan can be "rolled over."
Sage asked legislators to support Assembly Bill 392, which prohibits payday lenders from assessing finance charges that exceed 36% per year. The bill also gives the DFI the authority to enforce the new regulations. The bill is expected to have a public hearing in early October.
Lansing Update
http://www.micatholicconference.org/public_policy/publications/lansing_update/
1. Multiple Budget Scenarios Arise After House Speaker, Senate Majority Leader Strike Target Agreement
“2009 State of Michigan Budget Countdown”
WCC BACKS CURBING PAYDAY LOANS
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Lansing Update
http://www.micatholicconference.org/public_policy/publications/lansing_update/
1. $2.7 Billion Budget Deficit Remains as September 30 Deadline Looms
2. MCC Board of Directors Statement on State of Michigan Budget
3. MCC Board of Directors Says No to 2010 Constitutional Convention
4. Legislation Prohibiting Conscience Rights for Pharmacies Passes Committee
5. Follow Us on Twitter @MiCatholicConf
Health Care Reform Conference
The keynote address is "Health Care Reform: Questions and Answers" by Jeff Tieman, Senior Director of Health Reform Initiatives for the Catholic Health Association.
Go here to find out more and get registration information.
Poverty in Michigan

While legislative leaders seek to diminish further Michigan’s social safety net in an effort to balance the state’s $2.8 billion deficit, the Michigan Catholic Conference Board of Directors today approved a statement calling for solidarity with the state’s poorest citizens and urges legislators to enact a budget that protects essential needs. Read press release…
Related:
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Two Bishops - Two Letters - One Teaching
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MCC Calls for a Constitutional Convention
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