Civil Rights Groups Defending Predatory Lenders: Priceless. So what does Martin Luther King Jr. want to do with payday lenders?
יום רביעי, 4 בנובמבר, 2020Nada, but which hasn’t stopped African leaders that are american invoking their title as they shill for the credit industry.
Stephanie Mencimer
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The president of the Southern Christian Leadership Conference (SCLC), took to the op-ed page of the Washington Post to decry the devastating effect the meltdown was having on minority homeowners at the end of June, as the subprime mortgage crisis was driving the economy into a tailspin, Charles Steele Jr. But instead than help measures that are currently pending better regulate the credit areas, the first choice of 1 of the nation’s earliest civil liberties teams alternatively attacked them. Steele had been specially upset about a Federal Reserve proposition that will break straight straight straight down on subprime bank cards—high-interest cards advertised to people who have bad credit.
The federal government has taken a slightly different view of CompuCredit’s contributions to economic empowerment while the civil rights group has been lauding its corporate partner. (more…)
