NACA in the News: Black and Latino borrowers may suffer most as Trump tosses out payday-loan rule

Release Date: 
July 9, 2020
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LA Times, Black and latino borrowers may suffer most as Trump tosses out payday-loan rule.

"Christine Hines, legislative director for the National Assn. of Consumer Advocates, echoed that sentiment.

'Payday lenders disproportionately target Black and Latino communities, hawking their high-cost loans on working families and trapping them in a cycle of debt,' she said."