Payday Lending

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

Release Date: 
July 9, 2020

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."

Bankwest, Inc. v. Thurbert E. Baker, Attorney General of the State of Georgia, Community State Bank v. Thurbert E. Baker, Attorney General of the State of Georgia, Et Al

Publish Date: 
April 22, 2004
Type: 
amicus_brief

"The fringe banking industry exploits vulnerable consumers who must rely on state regulation. Lenders relationships with out-of-state banks are just the latest in a history of attempts to evade interests caps.” This Amicus Brief was written by Deborah Zuckerman and Michael Schuster of AARP Foundation, Gary Leshaw and Leigh Altman of Gary Leshaw and Associates, and Ashley Carraway of Atlanta Legal Aid Society.
 

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