The Honorable Scott M. Stringer Comptroller, New York One Centre Street Nyc, NY 10007
Dear Comptroller Stringer:
The undersigned businesses urge you to definitely instantly and permanently divest ny CityвЂ™s retirement funds from payday lending organizations вЂ“ whose loans are categorically unlawful in nyc. City pension funds invested significantly more than $20 million in payday high-cost and lending installment financing organizations in 2016. Also, City pension funds spent almost $160 million in Lone celebrity Fund VIII, a personal equity investment that has DFC worldwide, Inc.,i which, in change, owns several payday loan providers, including cash Mart while the Check Cashing Store.