Divest the NJ Pension Fund from Payday Lending!

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The New Jersey Pension Fund, and the taxpayers and public workers of New Jersey who contribute to the Pension Fund, are the indirect owners of a business so heinous that its primary business activity is actually illegal here in New Jersey.  New Jersey Pension Fund dollars were used by a private equity firm to buy the country’s second largest payday lender, ACE Cash Express. Payday lenders prey on desperate borrowers living paycheck to paycheck, keeping them trapped in a devastating debt cycle payday after payday. It is unethical and frankly unfathomable that the State could ever consider using Pension Fund money to support payday lending.

Sign our petition to demand that Governor Christie and the New Jersey State Investment Council immediately divest from any investments that include predatory payday lenders.