Payday strips that are lending247 million from Ca African-Americans and Latinos

Payday strips that are lending247 million from Ca African-Americans and Latinos

Payday shops concentrate in African-American, Latino communities

Race, ethnicity component that is leading payday that is determining location, but not banking institutions’

Pay day loan providers are nearly eight times more concentrated in Ca’s African-American and Latino communities when compared with white areas, draining these communities of $247 million in advance loan fees relating to brand research that is new the guts for accountable Lending (CRL). (más…)