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Note that we only have L and XXL left to sell, sorry, but they are going fast, especially at the NALEO conference held in late June in Denver.
Good news is that the prices are reduced now: $10 for one shirt, $18 for two shirts, $25 for three shirts and $32 for four shirts. Order yours today!
PAYDAY LENDING REFORM NOW LAW
New law gives borrowers a break on
payday loans -- Bell Policy Center August 11, 2010
The new law governing payday loans is now in effect . It represents a significant change and should eliminate the two-week, triple-digit loans that trapped so many borrowers. Borrowers will save as much as 63 percent over the maximum charges allowed previously.
The new law sets the minimum loan term at six months. This will provide borrowers with a more reasonable period to repay loans. The law (HB 10-1351) did not explicitly lay out a process for installment payments but rather allowed the details to be negotiated between lenders and borrowers. However, the attorney general's office determined that installment payments must be in substantially equal amounts and due at equal intervals.
Borrowers have the right to repay the loans early without incurring a prepayment penalty. If they pay the loan off early, any interest charges will be refunded on a pro-rated basis. Monthly maintenance fees, which are allowed under the law, can be charged only for each month after the loan is outstanding for 30 days. This means there can be only five monthly maintenance fees on a six-month loan.
Taken together, the maximum total charges on a $500 six-month loan represent a 63 percent savings to borrowers over the previous law. Because some of the charges, such as the origination fee, are front-end loaded, the savings are lower if the loan is paid off early. For example, paying off the loan after 30 days results in a 38 percent savings, and paying it off after three months results in a 59 percent savings.
The attorney general proposed rules to implement the law, and they will be considered at a hearing on August 31. The law is fairly complicated, and we do not know exactly how the payday lending industry will market the loans under these new rules.
However, it is critically important that borrowers be made aware that they have six months to repay loans. LARASA, the Bell Policy Center and members of Coloradans for Payday Lending Reform will be monitoring this market closely and ask that anyone who experiences a problem with the loans contact us. We will report all violations to the attorney general's office, which oversees this industry and enforces the provisions of the law.
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ARIZONA’S SB 1070
8/19/2010
Court blocks Major Provisions of Arizona's Anti-Immigration Law
Federal judge blocks most egregious provisions of law in ruling in DOJ case that parallels MALDEF and civil rights coalition suit
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The Judge´s decision is very good news for all of us in Colorado who have found Arizoná´s law to be racist and onerous. Many Colorado organizations have worked hard to educate our public about this law and its injurious nature. We must always remember that an injury to one is an injury to all. The judge's decision is, hopefully, a harbinger of things to come in this case and a warning to other states that would follow Arizona's misguided law. --Estevan Flores, Ph.D., Executive Director, LARASA
PHOENIX, AZ - A federal court in Phoenix today blocked major provisions of Arizona's anti-immigrant law, known as SB 1070, pending a final court ruling on its constitutionality. This ruling ensures that, until a final order is issued by the court, Arizona will be unable to establish its new state immigration scheme that potentially penalizes anyone who does not carry proof of status, including non-citizens who do not carry registration documents, such as those immigrants in transitional status whom the federal government allows to live in the U.S. The federal court issued its order in a case filed by the United States government raising claims parallel to those raised in the suit filed earlier by MALDEF and a coalition of civil rights groups.
The law, scheduled to go into effect on July 29, would have required police to demand "papers" from people they stop who they suspect are "unlawfully present" in the U.S. and set up a state system to arrest and punish those whom Arizona determines are not carrying proper immigration documents. MALDEF and a coalition of civil rights groups filed a lawsuit challenging the discriminatory measure and asked the court to temporarily block the law while the case is litigated.
The blocked sections under the law include the following:
· The requirement that police officers investigate the immigration status of all individuals during any stop, detention or arrest if the officers suspects that the individuals are in the country unlawfully;
· The requirement that police officers verify the immigration status of all individuals who are arrested before they can be released;
· The new state scheme imposing new criminal penalties for non-citizens whom Arizona determines are not carrying proper immigration documents, even when the federal government allows those individuals to remain in the U.S.;
· The provision creating a state crime for unauthorized immigrants to solicit or apply for work; and
· The provision for the warrantless arrest of individuals when state or local police officers decide those individuals are "removable" from the U.S.
The court did not strike down the provision that forbids local police agencies from adopting policies that limit or restrict enforcement of federal immigration laws, or the provision that permits Arizona residents to sue government agencies for adopting a policy restricting enforcement of immigration law. The court also left in place certain provisions related to day laborers, citing a recent Ninth Circuit decision in which en banc review is being sought.
The coalition's lawsuit, filed on May 17, challenges SB 1070 on grounds that it invites the racial profiling of people of color, violates the Constitution and interferes with federal law. Accordingly, the law would subject massive numbers of people - both citizens and non-citizens - to improper investigations, arrest and punishment.
LARASA stands opposed to SB 1070 and for federal Comprehensive Immigration Reform. This position is based on LARASA´s 46 year old legacy fighting for the civil rights of Latinos, against police brutality, for language, immigrant, and political rights and against injustice such as SB 1070.
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LARASA
309 W. 1st Ave.
Denver, CO. 80223 |
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