The proximity of subprime lenders to a single another—and to discount merchants like Wal-Mart—is part of this plan. Drive around Charleston or any metropolitan area in Southern Carolina and you’ll sooner or later stumble in to a payday valley.

Due to this agglomeration, payday lending saturates black colored and Latino communities. A national that is recent people’s report looked over payday financing in five big Midwestern metropolitan areas. It unearthed that areas with a high levels of black colored and Latino residents had on average twelve payday loan providers in the three-mile radius, weighed […]