Commentary
Predators in the Neighborhood
Guest Commentator
When NAACP chairman Julian Bond denounced “payday lending,” most delegates to the civil rights group’s national convention in Miami, this summer, assumed they knew who he was talking about. “We despise this predatory practice that targets the poor, especially blacks. Charging annual interest rates of 390%, these companies prey on the weak, trapping them in…
When NAACP chairman Julian Bond denounced “payday lending,” most delegates to the civil rights group’s national convention in Miami, this summer, assumed they knew who he…
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