EPISO & Border Interfaith Punch Payday Lenders Again with $13 Million Alternative Lending Program
For the second time in one year, IAF organizations in El Paso (EPISO and Border Interfaith) dealt a harsh blow to the bottom line of payday lenders.
During last year's fight to restrict how much payday lenders can legally make off the backs of lower-income families, opponents from the lending industry couched their financial predation under the guise of "providing a valuable service" to residents. After winning a significant victory in 2014 limiting payday lending profits, leaders wanted more.
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