Do when I do as I say, not.
That might be the message nyc is delivering once the stateвЂ™s pension that is public spend millions in payday financing businesses.
Short-term, high-interest financial obligation referred to as pay day loans are unlawful inside ny edges. But who hasnвЂ™t stopped state and town your retirement funds from spending a lot more than $40 million in payday loan providers that run various other states.
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вЂњNew York should not be investing a dime propping them up,вЂќ said Andy Morrison, a spokesman for the brand New Economy venture, a nonprofit that urges retirement supervisors to help make more investments that are socially responsible. Read more