Cory Doctorow on Nostr: The #PaydayLending industry - whose triple-digit interest rates trap poor people in ...
The #PaydayLending industry - whose triple-digit interest rates trap poor people in revolving debt that they can never pay off - styles itself as a force for racial justice:
https://pluralistic.net/2022/01/29/planned-obsolescence/#academic-fraud
Payday lenders prey on poor people, and in America, "poor" is often a euphemism for "Black." Payday lenders disproportionately harm Black families:
https://ung.edu/student-money-management-center/money-minute/racial-wealth-gap-payday-loans.php
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https://pluralistic.net/2022/01/29/planned-obsolescence/#academic-fraud
Payday lenders prey on poor people, and in America, "poor" is often a euphemism for "Black." Payday lenders disproportionately harm Black families:
https://ung.edu/student-money-management-center/money-minute/racial-wealth-gap-payday-loans.php
5/