More Proof on Payday Lenders Targeting Vulnerable Communities

Citizen Wealth Financial Justice

New Orleans          Payday lending was the first national campaign for ACORN Canada and, despite winning some relief in several provinces, the effort to clamp down on the industry nationally continues to be a priority and continues to elude.  Currently, ACORN is on a national advisory committees studying another effort to update the regulations.  In …

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Predatory Rent-to-Own Scams Hark Back to Discriminatory Schemes

Citizen Wealth Financial Justice

New Orleans               In the early days of ACORN in Little Rock in lower income, largely African-American neighborhoods before the 1978 Community Reinvestment Act was passed forbidding racial discrimination in bank lending and outlawing redlining, the stories of families trying to rent-to-own their homes were legion.  I read many of these documents carefully and knew families …

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