by Nikitra S. Bailey
Merely a years that are few, the scarcity of credit ended up being a challenge for females, low-income Us americans, and borrowers in communities of color. Today, as a result of improvements in technology and alterations in the market, numerous within these same populations are bombarded with provides from subprime lenders, always check cashers, payday loan providers, as well as other fringe bankers. Credit in america is now more accessible than previously. Yet this expansion happens to be followed by a rise that is sharp predatory lending, which undermines the financial great things about house ownership helping perpetuate the widening wide range space between whites and folks of color. Continue reading “Predatory Lending: The Newest Face of Economic Injustice”