Auburn study: payday loan providers target African-American areas

Auburn study: payday loan providers target African-American areas

Gallery: Payday Lenders Multiply Round The Birmingham Metro Area

Alabama has more payday lenders per capita than all but four other states in the country, according to a new study from Auburn University Some view these services as predatory to low-income or greatly African-American neighborhoods, plus some towns and cities in Alabama are managing them. The study provides some gas for that argument: it found a relationship that is significantly positive how many payday lending stores to the range banking institutions and bank branches and the portion for the population that is African-American. “Walmart doesn’t state, ‘Let’s go directly to the area that is rural there’s a population of 90.’ You find near your web visitors. Read More