Springing the Debt Trap: City-Sponsored Workshop | Mission District

Submitted by the Event Organizer

Sold to consumers as short-term relief during a cash crunch, pay day loans carry interest rates of over 400 percent and catch working people with a steady source of income in a long-term debt trap.

On December 17th at 11:30am, San Francisco City leaders, in partnership with local credit unions, will help relieve this burden on hardworking San Franciscans by launching PayDayPlus SF, a low cost emergency loan available to City residents at 13 locations.

Following press conference with City Treasurer José Cisneros, Mayor Gavin Newsom, and Congresswoman Jackie Speier (D-CA), stay to participate in a community conversation about PayDayPlus SF and learn how you can spread the word to San Franciscans about this new low cost loan to help weather tough economic times. You will also learn more about the problems caused by conventional pay day loans and how your organization can help push for proposed financial empowerment solutions that are moving forward in Washington, DC and Sacramento.

Free lunch will be provided

Participants

• José Cisneros – City Treasurer of San Francisco
• Paul Leonard – California Office Director, Center for Responsible Lending
• Luis Granados – Mission Economic Development Association
• Olivia Calderon – Legislative Director, California Asset Building Program, New America Foundation
• Steven Stapp – President and CEO, San Francisco Federal Credit Union
• Anne Stuhldreher – Fellow, California Asset Building Program, New America Foundation

Disclaimer: Please double check event information with the event organizer as events can be canceled, details can change after they are added to our calendar, and errors do occur.