WASHINGTON–A new website has been launched that targets the payday lending industry.
The developers of the site, PaydayLendingFacts.org, said they are providing detailed research reports on payday lending executives, shady industry trade groups, tainted, pro-payday, academic research; industry campaign contributions and lobbying, and how lenders exploit legal loopholes to take advantage of consumers.
PaydayLendingFacts.org is a project of Allied Progress, which describes itself as a nationwide nonprofit grassroots organization that uses hard-hitting research and creative campaigns to hold powerful special interests accountable and empower hardworking Americans.
Allied Progress further said it focuses its efforts on the “powerful special interests seeking to profit off the economic misery they inflict on American families or advance policies designed to diminish the political potency of working people.”
The organization said other potential targets include major financial institutions and other corporations, leaders of industry, lobbyists, public officials, trade groups, advocacy organizations, and more.
Allied Progress added that it “amplifies its efforts through hard-hitting digital and social media actions, aggressive rapid response, sophisticated earned and paid media strategies, and an online headquarters featuring the latest news and research related to its various issue campaigns.”