Catholic Charities Oregon and Partners to Launch Alternative to Payday Loans

PORTLAND, OR/November 30, 2017

National leaders in financial wellness will gather at Catholic Charities in Portland, Oregon on December 4th and 5th to advance alternative strategies to predatory payday loans. Catholic Charities Oregon and its partners are committed to improving financial wellness in the workplace and providing gainful resources to support financially fragile Oregonians.

Today, among U.S. states, Oregon ranks 27th in the Gallup Healthways Well-being Index. Given that financial security is one of the five elements that significantly contributes to well-being, Catholic Charities Oregon is dedicated to improving the financial health of Oregonians by continuing to offer critical services, convening thought leaders in this arena, and partnering with employers and financial institutions to ensure the financial well-being of all Oregonians.

“More and more, we understand how community-based organizations and employers can work together to help lower-income employees make sound financial choices for themselves and their families. The FINRA Foundation is thrilled to partner with Catholic Charities USA to help local organizations develop workplace strategies that meet important needs for hardworking employees, employers, and the community,” shares Susan Sarver, Associate Director of FINRA Investor Education Foundation.

Director of the Family Success Center at Catholic Charities Oregon, Molly O’Donnell says, “We see this employer-sponsored small dollar loan as another tool in our toolkit when working with the poor and vulnerable within our community. With this product, clients who have barriers to accessing conventional loans will now have an affordable product and the support necessary to change their family’s financial future.”

Press are invited to attend a Lunch and Learn session from 12:15 pm to 1:30 pm on Monday, December 4th at Catholic Charities Oregon. Please contact Sarah Granger.

Contact: Sarah Granger
sgranger@ccoregon.org
503-688-2560

 

Posted: December 2, 2017

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