Idaho Fair Money Campaign

Idaho ranks 50th in the U.S. for its payday lending practices: That’s not ok with us!

What is a payday loan?

Payday lenders provide short-term loans with high interest rates and cater to lower income borrowers. A borrower writes a personal check to the payday lender who then holds the check for 14 to 31 days. At the end of this period, the check is deposited, the borrower either returns with cash to repay the loan, or the loan gets renewed and the borrower pays more fees. A typical loan costs $17.65 to borrow $100 for two weeks, or 459% Annual Percentage Rate (APR).

The Idaho Community Action Network and Idaho Main Street Alliance believe that payday lending operations produce a net economic loss for the local economy and create a cycle of debt. Payday lenders siphon dollars out of local economies and require oversight. Just look at these convincing facts and figures for Idaho:

  • Number of payday lending stores: 232
  • Annual payday loans per store: 3,643
  • Average payday loan size: $350
  • Maximum APR of two-week $100 payday loan: NO LIMIT
  • Total payday loan volume: $295.8 million
  • Total payday loan volume from churning: $224.8 million
  • Total payday lending fees paid annually: $64.2 million


WANT TO SHARE YOUR STORY? Are you fed up with payday lenders who prey on vulnerable people? Have you been burned by a payday lender? The Idaho Main Street Alliance is building a campaign to regulate payday lenders in Idaho and we need your story. Email with your story.

Radio Voz de Magic Valley Logo Contest

Participate in our logo contest and be a part of the creation of the first Bilingual Community Radio Station in the Magic Valley!

Download the official flyer here and the official rules of the contest here.

Design Requirements: Easy on the eye, professional, must be suitable for public use and viewing, gender neutral, must not be submitted in other contest or used by other purposes before, formats accepted: JPG, TIF, PDF.

How to Participate: Email your logo design as a JPG, TIF or PDF to:, please include the following information in your email: name, address, phone number, age and email.

Award: 50 dollars cash and regional recognition!

Idaho Main Street Alliance at a Glance

The last few weeks have been a whirlwind of excitement. On Wednesday, June 22, 2011 Main Street Alli-ance (MSA) hosted a happy hour for members to get together and talk about current policy concerns for small businesses in Idaho. In the upcoming weeks MSA State Organizer, Heather Smith will be canvassing the Treasure Valley, Magic Valley and Wood River Valley for new MSA members and completing issue surveys with businesses to determine the policy issues that impact small businesses in Idaho.

In addition to canvassing efforts, the Main Street Alliance is involved developing a Health Insurance Ex-change for Idaho where small business owners and individuals will be able to bargain for affordable health insurance. A workgroup has been created to develop the legislation for an Idaho Health Insurance Exchange. All meetings of the Health Insurance Exchange Workgroup are open to the public and meeting minutes can be accessed at

We are always looking for new MSA members. If you are a business owner or know a business owner who may be interested in the work MSA does, please contact Heather Smith at