It was announced on May 13th that $489 million in relief will be given to victims of illegal internet payday loans approved by Virginia court. The federal court gave preliminary approval to a class-action settlement that would provide $489 million of relief to victims of illegal internet loans. Consumers who were charged 600% in interest will not need to submit a claim form and will receive a notice via email or U.S mail to address this issue that has been a concern since 2019. A predatory hotline has been set up at (866) is 830-4501 to advocate for better laws to protect borrowers.
Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel United Methodist Church (UMC) in Montross, VA. Rev. Dr. Taylor promotes best practices by teaching financial literacy workshops and currently serves as Finance Chair in the Rappahannock River District for the UMC. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.