Every week, In Theory assumes on an idea that is big the news and explores it from a selection of views. This week weвЂ™re referring to payday lending. Require a primer? Get caught up here.
Deyanira Del Rio is co-director of brand new Economy venture in ny. Andy Morrison is promotions coordinator at brand New Economy venture.
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Imagine a land without any loans that are payday. Blinking neon signs marketing вЂњFast CashвЂќ not any longer dot the landscape in low-income areas and communities of color, and nary a loan provider is permitted to draw out rates of interest of 400 % or over. Fortsett å lese «HereвЂ™s what the results are when pay day loans are prohibited»