payday lending town hall meeting (by phone) pass it on…



For Immediate Release

WHAT: Statewide telephone town hall meeting on I-164 Cap the Rate Initiative.

WHEN: 6:30 p.m. Thursday, Oct. 7

WHO: Telephone town hall presented by 400% Interest is Too High Cap the Rate Campaign.

I-164 backers use new technology for a statewide discussion of Cap the Rate

For the first time in Montana, supporters will use a telephone town hall meeting Thursday to host a discussion of a statewide ballot initiative.

The telephone town hall will focus on I-164, the initiative to cap interest rates on payday and car title loans. It will take place at 6:30 p.m. Oct. 7.

Several thousand Montanans across the state will be called and encouraged to participate in the meeting. Organizers expect anywhere from 3,000 to 6,000 people to listen in.

People can sign up to receive the call at

This call gives thousands of voters the opportunity to ask questions and hear how I-164 will protect state consumers from the triple-digit interest rates on these loans, said Claudia Clifford, advocacy director of AARP Montana.

AARP is one of several Montana organizations that support the I-164 campaign.

The town hall is a great use of technology, Clifford said. Montana is a big state, with long distances between cities. But this gives people in large and small communities, from all over the state, a chance to take part in the discussion.

Former state Sen. Dan W. Harrington, treasurer of the Cap the Rate Campaign anticipates that any callers who are unsure about the issue will support I-164 after hearing more about it.

Lending practices that prey on struggling families and seniors and trap them in debt are bad for our communities and bad for our state, Harringon said. Montanans believe in fairness and in looking out for their neighbors. Thats why theyll support this initiative at the polls.

Clifford will act as the moderator of the call, which will also feature guests including national experts who will be available to answer caller questions.

Participants will receive a call at 6:30 p.m. Thursday, Oct. 7, and will hear a message encouraging them to stay on the line. They will have the opportunity to ask questions once on the line. The call will last about an hour.

Supporters of I-164 include AARP Montana, AAUW Montana, Montana Indian Education Association, the Policy Institute, MontPIRG, Center for Responsible Lending, homeWORD, MEA-MFT, Montana Human Rights Network, Montana Catholic Conference, Montana State AFL-CIO, Montana Womens Lobby, Montana Community Foundation, Montana Women Vote, NeighborWorks, Rural Dynamics, SEIU 775 and Womens Foundation of Montana.

  1. Slime devils lose case. Right to vote on payday initiative upheld by Polson judge Mcneil this morning.

    Payday interest cap initiative I-164 remains on ballot for Nov 2.

    Let’s show the payday lenders how montana feels about 400 to 600 per cent interest rates on our seniors and working poor this coming election.

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