Money Marts: alternative financial sector or legalized extortion?
Written by Jason Mann
A study by Statistics Canada into “alternative consumer credit markets” has revealed that some “payday loan” companies are charging up to 1300% interest rates.
See www.canada.acorn.org for information about their campaign against predatory lenders.
August 26th, 2007 at 12:46 pm
Beware of ACORN.
They are poverty pimps who pick pushbutton issues to con poor people in buying their $10 a MONTH membership fees.
They have been condemned by both the Tenant Resource and Advisory Centre in BC and Toronto’s Federation of Metro Tenants’ Associations for targetting poor tenants in public housing.
November 26th, 2007 at 11:01 am
ACORN is a membership organization of low income families, members pay dues so that they can have an independent organization capable of fighting and winning on critical issues of social justice. I think its rather paternalistic to be telling low income folks how they can spend their money. Certainly not the kind of thinking that comes out of organizations that are member owned, and member run like ACORN.
November 26th, 2007 at 12:24 pm
ACORN is a pro-tenant organization that works with tenant organizations like the Federation of metro Tenants Associations. Membership is voluntary in both our organizations.