Weekly, 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 nyc. 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 indications marketing вЂњFast CashвЂќ not any longer dot the landscape in low-income communities and communities of color, and nary a loan provider is allowed to draw out rates of interest of 400 per cent or more. This isn’t a far-fetched story book or some long-forgotten history. Continue reading “HereвЂ™s what the results are whenever pay day loans are banned”