Every week, In Theory assumes on an idea that is big the news and explores it from a variety of views. This weвЂ™re talking about payday lending week. Desire a primer? Catch 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 payday advances. 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 allowed to draw out interest levels of 400 percent or more. (more…)