Little Rock People can read the reports of banks cutting back on small business lending, nod, and say, but, hey, I don’t have a small business. Others can understand that banks make even fewer small personal loans and have surrendered that market to payday lenders and other predatory shysters, and say, hey, it will never …
Tag: payday loans
Banks are Building “Credit Deserts” in Birmingham and Elsewhere
Edinburgh We have real deserts like Sahara, the Gobi, Mohave, or Chihuahuan in the world. We have food “deserts” in many lower income communities with little choice but mom-and-pops, corner stores, kiosks, and bodegas to serve millions. Now there’s increasing evidence that banks have been allowed to build “credit deserts” in many cities, and work …
How Can We Get the “Rip Us Off Now” Sign Off Our Back?
New Orleans I just have to wonder why when we are in a period of historic wealth and income concentration at the top, there are so many outfits trying to rip off low-and-moderate income families at the bottom? The hustles keep rolling down on our people like an avalanche. The Student Debt Project issued a …