Who Pays More? A Town Hall Forum on Predatory Lending in Oklahoma

Oklahoma Assets Network (OAN) is pleased to invite you to save the date for a town hall forum on predatory lending. This event is free and open to the public. The forum will feature remarks from Dr. Haydar Kurban, the author of new research on payday lending patterns in the state, ‘The Demographics of Payday Lending in Oklahoma.‘ Dr. Kurban is an Associate Professor of Economics at Howard University whose previous research has been published in the National Tax Journal and Economic Development Quarterly.

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Wednesday April 15th, 2015
6:30pm Heavy hors d’oeuvres
7:00-8:30pm Remarks & discussion

OU Faculty House
601 Northeast 14th Street
Oklahoma City, OK 73104

Please click here to RSVP

Please join Dr. Kurban and our local panel of experts for a discussion about the disproportionate share of predatory lenders located among particular communities and demographics, including:

  • Military families
  • Older Oklahomans
  • Lower income earners
  • Single parent households
  • Young adults
  • Communities of color

 

 

 

Following Dr. Kurban’s remarks, we will take questions and comments from the audience, and host a discussion featuring local experts and practitioners: 

  • [Moderator] Damario Solomon-Simmons, Legislative Liaison with Oklahoma Policy Institute 
  • Kate Richey, Coordinator for Oklahoma Assets Network
  • Cristy Cash, Vice President of Central Oklahoma Consumer Credit Counseling 
  • Tina Pollard, Consumer Lending Manager with Citizen Potawatomi Community Development Corporation

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Up Against The Wall, or how I pay the state to lock up my brother (Guest post: Camille Landry)

camille_landryCamille Landry is a writer, activist, and social justice advocate who lives in Oklahoma City.  This post is part of our “Neglected Oklahoma” series, which tells the stories of Oklahomans in situations where the basic necessities of life are hard to come by.  These are real people and their stories are true (names have been changed to protect privacy).

“My brother is doing 11 years in the state penitentiary.” There’s more bitterness than grief in Caryn Louis’s voice. “It’s not just losing somebody you love. The prison system punishes the entire family in lots of ways. Every little thing that my brother needs to make it through his sentence costs money and most of this money comes out of the pockets of inmates’ families and friends,” Ms. Louis said. “The state is punishing the families of the people it locks up.”

It is a not-so-well-kept secret that corporations that service prisons and corrections agencies profit by shifting considerable expenses to inmates’ families.  Inmates cannot pay these costs themselves. People who enter the criminal justice system are overwhelmingly poor. Two-thirds of the people detained in prisons report annual incomes under $12,000 prior to arrest. Prison jobs pay $14.45 per month. Portions of that sum are deducted for such things as child support payments and court costs.

jail-visit-1Research shows that family involvement helps combat recidivism and aids reintegration of offenders upon their release. It also results in calmer inmates — but the high costs associated with visits and phone calls puts them out of reach for many Inmates’ families. “My brother is a 3-hour drive away. I can only afford to see him a few times a year.” Most Oklahoma inmates come from Oklahoma and Tulsa counties and most of the correctional facilities are far away from those cities. “If you don’t have a good car and the money for a road trip, you just don’t get to visit,” she said.

continue reading Up Against The Wall, or how I pay the state to lock up my brother (Guest post: Camille Landry)

New opportunity scorecard shows Oklahomans slipping financially

by | January 29th, 2015 | Posted in Poverty & Opportunity | Comments (0)

pasted-image-small-17Conventional wisdom may seem to suggest that the economy has bounced back. Low unemployment and a stable housing market paint the picture of a prosperous Oklahoma. But if you look at the pocketbooks of the average American, the outlook is far from rosy. As CFED’s newly released 2015 Assets & Opportunity Scorecard reveals, the economy may be improving, but how individuals and families are faring in the economy is not.

The Scorecard data confirm what most families have known for a while—that even those squarely in the middle class are living on the brink of financial disaster. In fact, 49.1 percent of Oklahoma households are ‘liquid asset poor’, meaning they lack the resources necessary to subsist at the poverty level in the event that a job loss or medical emergency leaves them without their primary source of income. The high liquid asset poverty rate is perhaps unsurprising given the other patterns we see emerge from the Scorecard data. 

continue reading New opportunity scorecard shows Oklahomans slipping financially

Protecting Oklahoma’s most vulnerable infants (Guest Post: Cassidy Hamilton)

by | January 6th, 2015 | Posted in Blog, Healthcare, Poverty, Poverty & Opportunity | Comments (1)

CassidyHamiltonCassidy Hamilton is one of four 2014-2015 OK Policy Research Fellows. Cassidy graduated magna cum laude with a degree in Economics and is currently pursuing a Masters of Public Administration at the University of Oklahoma. She works as an AmeriCorps volunteer in Norman where she coordinates a tutoring program for at-risk students. Cassidy is interested in health and housing policy, economic development, community lending in low-income areas, and the interconnectedness of fiscal and monetary policy.

Infant mortality is the death of a child under one year of age, and the infant mortality rate (IMR) is the number of those deaths per every 1,000 births (see chart below). According to the CDC, the IMR is an important measure because the mortality of a population’s infants can be indicative of broader factors affecting the health and well-being of the population at large. Beyond its importance as a public health measure, for families of babies who die before they reach their first birthday, infant mortality is an immeasurable personal tragedy.

continue reading Protecting Oklahoma’s most vulnerable infants (Guest Post: Cassidy Hamilton)

The ‘work requirement’ that wasn’t

by | December 17th, 2014 | Posted in Blog, Poverty, Poverty & Opportunity | Comments (1)

Welfare as it exists in the minds of many Americans bears little resemblance to welfare as it exists in reality. The nation’s ‘welfare’ cash assistance program was functionally dismantled in the mid-1990s, but especially in Oklahoma, leaders still lean heavily on the specter of nanny state budget bloat and the work-shy freeloader. Even some twenty years after welfare was gutted, most voters either don’t know that the program was essentially eliminated or they have long since forgotten. This has made it easy for ambitious politicians to campaign on an ‘anti-welfare’ agenda while their actual proposals receive little scrutiny.

STATE OF THE STATEOklahoma legislators recently targeted a nutrition assistance program called SNAP (Supplemental Nutrition Assistance Program), formerly food stamps, citing a disdain for ‘welfare’ and a commitment to the value of hard work. Oklahoma’s former House Speaker T.W. Shannon introduced HB 1909 in 2013 with a familiar refrain:

continue reading The ‘work requirement’ that wasn’t

What a profitable Postal Service looks like (Part Two)

by | November 11th, 2014 | Posted in Blog, Poverty & Opportunity | Comments (0)
Postal Trucks

Photo by Ron Doke.

We already know from Part One in this series that the United States Postal Service (USPS) has a long history and excellent record of administering financial services, which up until now has been limited to savings products. But a new report from the Office of the Inspector General at USPS makes a convincing argument that your local post office is actually well-suited to offer a suite of financial products and services, not just savings bonds and accounts.

Table 1 below details the potential services that are feasible using existing postal service infrastructure, but it is not exhaustive. In addition to transactional services like bill payment and check cashing, USPS could partner with banks and credit unions to offer affordable credit options, like small dollar alternatives to payday loans.

continue reading What a profitable Postal Service looks like (Part Two)

How to strengthen nutrition and health for Women, Infants & Children (Guest Post: Monica Barczak)

by | October 3rd, 2014 | Posted in Blog, Poverty & Opportunity | Comments (0)
Photo by Bev Sykes

Photo by Bev Sykes

Monica Barczak is Director of Innovation Lab at CAP Tulsa, where she leads a small team responsible for a variety of research and program design and improvement efforts.

A child’s successful growth and development depends on many factors, including good nutrition and health from the pre-natal period through the earliest months and years of life. Unfortunately, too many Oklahoma children lack sufficient nutrition, hampering their readiness for school and learning and triggering other health issues ranging from obesity to infections to increased risk of social-emotional problems.

While the private sector and faith-based community play a significant role in alleviating hunger in Oklahoma, such services tend to limit the number of times families can access help. But pregnant women and young children in particular need a consistent source of adequate nutrition to ensure healthy development. Federal nutrition programs such as the Supplemental Nutrition Assistance Program (SNAP, formerly Food Stamps) and the Supplemental Nutrition Program for Women, Infants, and Children (WIC) are invaluable in filling the gap. So it is critical that such programs are designed to make the most impact for clients while operating in the most effective and efficient way. While WIC generally receives high marks among users, improvements could be made to help clients take full advantage of the program benefits.

continue reading How to strengthen nutrition and health for Women, Infants & Children (Guest Post: Monica Barczak)

No Exit: The School-to-Prison pipeline (Neglected Oklahoma)

schooltoprison

Graphic courtesy of Rethinking Schools (www.rethinkingschools.org)

Camille Landry is a writer, activist, and social justice advocate who lives in Oklahoma City.  This post is part of our “Neglected Oklahoma” series, which tells the stories of Oklahomans in situations where the basic necessities of life are hard to come by.  These are real people and their stories are true (names have been changed to protect privacy).

Kyron Dean perches uncomfortably on a sofa in his grandmother’s home in Del City. “Still trying to get used to being free,” he says. He was released from prison two weeks before we met, after serving 30 months for possession of marijuana with intent to distribute.

“He was always a good boy. Polite,” his grandmother says. “He was raised to be respectful.” So how did he end up in prison? “It’s like they greased the chute. Back when he was in the 9th grade, Kyron got into a fight. Boys fight. Always have. No guns, no knives, just two boys tussling. Next thing I know he is locked up. That’s just crazy! It’s wrong.”

continue reading No Exit: The School-to-Prison pipeline (Neglected Oklahoma)

Homelessness in the Long Run: Why Oklahoma needs long-term solutions

by | August 25th, 2014 | Posted in Blog, Poverty & Opportunity | Comments (0)

This post was written by OK Policy summer intern Tyler Parette, a political science major at Oklahoma Christian University. Tyler will be studying international relations at the University of Oxford this fall.

“Did that man bother you?” asked the woman as  I was standing in line to get my morning coffee.

“What do you mean?” I replied.

“That man has been sitting outside asking people for money. Did he try to assault you?”

This question caught me off guard. It’s not every day that I am asked if I have been assaulted.

“No, he told me he was a veteran and I asked what branch he served in. He said Navy, so I asked what ship he served on and then he quit talking with me.”

Seemingly uninterested in the conversation that I had with the apparently homeless man outside the coffee shop, the woman walked back over to her table. Minutes later, she jumps up from her table and darts out the door to intercept another woman who was about to give the man outside some change.

“Do not give him anything! You,” pointing at the man, “Go away!”

Everyone in the coffee shop watches as the woman saunters back through the front door. She marches up to the counter and demands that something must be done about the man pestering people on the sidewalk.

continue reading Homelessness in the Long Run: Why Oklahoma needs long-term solutions

Oh SNAP: Food assistance program errors at record low

by | July 30th, 2014 | Posted in Blog, Poverty & Opportunity | Comments (1)
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Photo by Bruce Tuten used under a Creative Commons license

The Supplemental Nutritional Assistance Program (SNAP for short, sometimes referred to as food stamps) is a lifeline in Oklahoma, providing food assistance to nearly one in six Oklahomans. Now a new report shows that the error rate for SNAP is at a record low. This report also means that virtually all Oklahomans receiving SNAP benefits qualify for them honestly — another reminder that Oklahoma’s economic prosperity is leaving many behind.

New data from the USDA shows that SNAP’s error rates are at an all-time low, after seven consecutive years of decreasing error rates. Overall, the national overpayment rate is now at 2.6 percent, and the underpayment rate at 0.6 percent, for a combined error rate of 3.2 percent.

Oklahoma didn’t achieve quite the same level of success, but the picture is still encouraging: its combined error rate of 3.99 percent places it cleanly in the middle of pack (26th). Its ranking for overpayment errors (3.11 percent) was the same. However, Oklahoma’s underpayment rate — that is, the rate of people erroneously denied some or all of their benefits — was higher. At 0.88 percent, Oklahoma has the 13th highest underpayment rate in the nation, indicating that SNAP administrators in Oklahoma are erring on the side of caution more than their counterparts in other states when evaluating applicants for benefits.

continue reading Oh SNAP: Food assistance program errors at record low

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