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Posted On December 30, 2020 In Investigation With 48 Views

Learn: California’s Bad Attract Payday Lenders(CBS SF)

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Learn: California’s Bad Attract Payday Lenders(CBS SF)

SAN FRANCISCO BAY AREA (CBS SF) — California’s payday lenders are mainly situated in bad areas with greater black and Latino populations and solitary moms.

Ca has nearly 2,000 payday financing storefronts and brand brand new research verifies that almost all are concentrated in low-income areas with bigger populations of solitary moms in addition to bigger black colored and Latino populations as compared to statewide ratio.

It may look apparent to a lot of individuals who you’re more likely to live next to a payday lending business, but research released this month by the California Department of Business Oversight, the government agency that oversees payday lending businesses and other financial service providers in California, now confirms the obvious if you live in a poorer neighborhood.

To verify this, Ca scientists viewed 2014 U.S. (more…)

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