Payday Lending and a 2011 Agenda Sneak Peak and News for the Week of June 11-18

Payday Lending and a 2011 Agenda Sneak Peak and News for the Week of June 11-18
6/18/2010 5:20:56 PM
Cuts that cost in juvenile justice, the rising cost of raising a child, more families facing homelessness, and a new funding opportunity for home visitation programs are among the features in our round-up this week of the latest news and reports on children and policy in Texas. We also put a spotlight on one item in our agenda for the upcoming Texas Legislative session in 2011: closing a loophole in the law that today disproportionately hurts vulnerable families with young children.
 
As we mentioned in our newsletter this week, our coalitions are hard at work putting the final touches on a 2011 agenda for children. Each month, our newsletter will feature one aspect of our legislative agenda and discuss how you can get involved. This month we examined the goal of closing a loop in regulations for payday lenders. (If you are not on our email list, you can get future newsletters by signing up here.)

By providing short term loans with extremely high fees, payday lenders take advantage of families facing financial hardship, increasing their debt, and sending most people who take out these two-week loans into a trap of needing subsequent loans to pay off the fees from their existing loan. Payday lenders pay only $100 to operate and target low-income communities, with the majority of consumers who take out these loans being single mothers.
 
Payday lenders can charge these exorbitant fees due to a loophole in our current laws. A loophole brought forward by payday lenders gives payday lenders status as Credit Service Organizations, exempting them from the regulations that are required of other lenders through the finance code. Texas should level the playing field—requiring payday lenders to play by the same rules as banks and credit unions—in order to safeguard Texas families. To support this agenda item, sign on at www.stoppaydayabuse.org, and please invite anyone you know who has experienced payday loan abuse to share their story.

News and Reports Weekly Round-Up

Child and Maternal Health

6.17.10 The Childhood Obesity Epidemic: Threats and Opportunities (Centers for Disease Control and Prevention)

6.13.10 Rural Physicians Still Hard to Come By (Lubbock Avalanche-Journal)

6.15.10 UTMB Study: Dialogue Crucial to Preventing Obesity in Babies (Houston Chronicle)

6.12.10 Sidewalks Could Curb Child Obesity Problem (The Monitor [Hidalgo County])

More Health News...

Child Protection

6.15.10 State Halts Placements at ‘Fight Club' Children's Facility (Houston Chronicle and Texas Tribune)

6.12.10 Funding Opportunity: Maternal, Infant and Early Childhood Home Visiting (U.S. Health Resources and Services Administration)

More Protection News...

Family Financial Security Headlines

6.17.10 Good Child Care Should Not Be a Luxury Item (State of the Children blog)

6.16.10 New Poverty Measure Stirs Discussion (Texans Care Newsroom)

6.16.10 Families in Homeless Shelters Increased 7% in '09 (USA Today)

6.16.10 Enrolling All Children in a Household in Free Meals (Center on Budget and Policy Priorities)

6.15.10 Employers Increasingly Expect Some Education After High School (New York Times)

6.12.10 Attorneys Fight Food Stamp Delays (The Brownsville Herald)

6.11.10 Expenditures on Children by Families: 2009 (U.S. Department of Agriculture)

6.10.10 Over 3 Million Low-Income Children Face Cut in Child Tax Credit if Recovery Act Improvement Expires (CBPP and the Carsey Institute)

More Financial Security News...

Juvenile Justice Headlines

6.18.10 Cuts that Cost: Juvenile Justice Reform (Texas Tribune)

6.11.10 Linda L. White: Forgiving My Daughter's Killer (Washington Post)

6.6.10 States Closing Youth Prisons as Arrests Plunge (Associated Press)

More Juvenile Justice News...

Child Mental Wellbeing Headlines

6.16.10 Strama: Learn How to Fight Cyberbullying (Austin American-Statesman op-ed)

6.15.10 How Homicides Affect Test Scores: Study (Washington Post)

6.14.10 Far From Home: Hundreds of Out-of-State Kids Sent to Texas Residential Treatment Centers (Texas Tribune)

More Mental Health News...


 

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