Faith Leaders to Candidates: Return Contributions From Payday/Car Title Lenders
RICHMOND, Va. - According to a coalition of faith leaders in Virginia, political candidates are taking money from the state's most disadvantaged people when they accept campaign contributions from predatory lenders. According to Holly Coy, program director for the Virginia Interfaith Center for Public Policy, the group is calling on all seven candidates for statewide office to return contributions from payday and car title lenders.
"These businesses make a profit off of taking advantage of people who are struggling to make ends meet, and that money getting poured into campaigns is not good for the Commonwealth as a whole," Coy declared.
Coy said faith leaders also want the candidates to take a public stand against lending practices that prey on Virginians facing tough times.
"We know that campaigns are expensive, but we believe that this is a really important issue and a moral issue that our Commonwealth and the candidates who represent it really need to take a stand on."
According to the Virginia Public Access Project, the gubernatorial candidates have accepted $35,000 in contributions this year from the lenders, their founders, or in related donations.