Auburn study: payday loan providers target African-American communities

Auburn study: payday loan providers target African-American communities

Gallery: Payday Lenders Multiply Around The Birmingham Metro Region

Alabama has more payday lenders per capita than all but four other states in the nation, based on a new research from Auburn University Some view these services as predatory to low-income or heavily African-American areas, and some towns in Alabama are managing them. The study provides some fuel for that argument: it found a notably positive relationship between how many payday lending stores towards the wide range of banks and bank branches therefore the percentage for the population that is African-American. „Walmart doesn’t state, ‘Let’s go to the rural area where there exists a populace of 90.’ You find near your visitors.

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