{"id":1642,"date":"2018-12-17T11:32:47","date_gmt":"2018-12-17T18:32:47","guid":{"rendered":"https:\/\/economicintegrity.org\/?p=1642"},"modified":"2018-12-18T11:34:48","modified_gmt":"2018-12-18T18:34:48","slug":"documentary-and-expert-panel-on-predatory-lending","status":"publish","type":"post","link":"https:\/\/economicintegrity.org\/?p=1642","title":{"rendered":"Documentary and Expert Panel on Predatory Lending"},"content":{"rendered":"<p><a href=\"https:\/\/economicintegrity.org\/wp-content\/uploads\/2018\/12\/2018-12-17-Press-advisory-Let-My-People-Go.pdf\" target=\"_blank\" rel=\"noopener\"><i class=\"fas fa-file-pdf\"><\/i> Let My People Go: South Dakotans Stop Predatory Lending<\/a><\/p>\n<div class=\"page\" title=\"Page 1\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p><strong>The Loft Cinema on Sunday, January 6, 2019 from 4:30 pm to 6:00 pm<\/strong><br \/>\nwith state policymakers, religious leaders, community leaders, and advocates<\/p>\n<p><strong>TUCSON<\/strong> (December 17, 2018) \u2013 This short film is a true \u2018David and Goliath\u2019 story. The people of South Dakota fought an epic battle against the predatory lending industry. The 30-minute documentary follows the movement to cap the state\u2019s payday, car title, and installment loan interest rates, which previously soared up to 574%. As you watch, you\u2019ll witness the relentless spirit of the broad coalition of South Dakotans that took on the firmly entrenched and well-financed predatory lending industry \u2013 and won. A resounding 76 percent of voters passed Initiated Measure 21, which capped interest rates on these loans at 36%.<\/p>\n<p>\u201c<strong>Let My People Go: South Dakotans Stop Predatory Lending<\/strong>\u201d features stories from people stuck in the trap of these high-cost loans during the time that predatory lenders had free rein to charge triple-digit interest rates. South Dakotans from Sioux Falls, Rapid City, and Eagle Butte speak of lenders\u2019 harmful practices, the difficulty in escaping the trap, and the freedom they feel once they are no longer paying on such high-cost loans.<\/p>\n<p>Bipartisan cooperation and strong faith leadership marked the campaign. One co-chair was a conservative pastor and former Republican lawmaker, the other a noted Democrat strategist. Other diverse groups concerned about the well-being of South Dakota\u2019s working families contributed grassroots legwork to passing the reform.<\/p>\n<p>The film also shows what happens to former payday loan stores, many now occupied by churches, credit unions, and restaurants that contribute to the wealth and vibrancy of their neighborhoods and communities. <em>Let My People Go: South Dakotans Stop Predatory Lending<\/em> is a powerful example of people sharing their stories of the harms caused by predatory lending practices, as well as their ability to change them.<\/p>\n<p>The 30-minute documentary will be immediately followed by a panel discussion focused on Arizona&#8217;s grassroots efforts to end legalized usury. The event is free and open to the public.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Let My People Go: South Dakotans Stop Predatory Lending The Loft Cinema on Sunday, January 6, 2019 from 4:30 pm to 6:00 pm with state [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4,5],"tags":[],"class_list":["post-1642","post","type-post","status-publish","format-standard","hentry","category-predatory-lending","category-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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