News

Adressing the Community Impacts of Payday Lending

The Center for Responsible Lending (CRL) is a leader in the fight to end abuses by “payday lenders” – small businesses that provide the working poor with advances on their pay - checks, generally at exorbitant fees that can trap borrowers in cycles of debt. A number of large banks are now offering similar services. Working closely with CRL, we filed a share - holder proposal with US Bancorp to address concerns relating to the bank’s “checking account advance” program, which allows customers to borrow against their next paycheck, for a 10% fee. If used repeatedly, this can be an extremely expensive loan, although the fee is lower than traditional payday lenders.

Our proposal prompted an informative dialogue with bank executives, culminating in an agreement to withdraw our proposal in exchange for continuing discussions and the bank’s commitment to publicly address how it is mitigating the potential risks of its service.


The composition of the Funds’ portfolios is subject to change. View the most current list of the Domini Social Equity Fund and Domini International Social Equity Fund's holdings.

The Domini Funds are not insured and are subject to market risks, such as sector concentration and style risk. Investing internationally involves special risks, such as currency fluctuations, social and economic instability, differing securities regulations and accounting standards, limited public information, possible changes in taxation, and periods of illiquidity. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. You may lose money. This information is provided for educational purposes only, and should not be considered investment advice with respect to any of the holdings listed.


Check the background of DSIL Investment Services LLC and its investment professionals on FINRA's BrokerCheck. Before investing, consider the Domini Funds’ investment objectives, risks, charges, and expenses. View or order a prospectus. Read it carefully.

DSIL Investment Services LLC (DSILD) distributor, Member FINRA.

Domini Impact Investments LLC (Domini) is the Funds’ investment manager. The Funds are subadvised by unaffiliated entities.

Eye iconEye slash icon