NJ Citizen Action says having state pension fund spent, also indirectly, in a type of lending unlawful into the state cannot stand.
Whenever Phyllis Salowe-Kaye discovered that the newest Jersey State Investment Council had spent $50 million state retirement bucks with a personal equity company which used a few of the funds to get a predatory payday loan provider, she experienced the proverbial roof. Continue reading “Getting Nj-new Jersey to Divest from Payday Lending”