WSJ story yesterday makes that assertion HERE.
After looking at maps in the story, I'm not totally convinced there is real case that payday lenders set up close to subsidized housing, although if there is a cluster of large projects I could see that being the case. Unfortunately it may be that HUD projects are often located in low income, and sometimes minority neighborhoods that are the real targets of payday lenders.
Irregardless of whether there is direct link to HUD subsidized housing, payday loans to seniors and disabled, who often rely only on their Social Security of SSI check, is a shameful practice.
Subscribe to:
Post Comments (Atom)
This time last year it seemed that there was a payday/title lender (and probabbly 2-3) located pretty darn close to ANY housing in the PDX area.
ReplyDelete