In some states, a debate over payday lending unfolds in the black church - News Summed Up

In some states, a debate over payday lending unfolds in the black church


Critics of the payday lending industry say it exploits its customers; proponents say it provides an important service. Black churches have become an unexpected battleground in the national debate over the future of payday lending. Longtime opponents of payday lending have sometimes been blindsided by the advocacy of their religious brethren. In response, some payday lenders have sought to build support for their business by forging relationships with black churches. Maupin, a community activist who occasionally has offered consulting services to companies, says he is not receiving money to support payday lending.


Source: Washington Post June 07, 2018 00:24 UTC



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