Diane Standaert is actually older vice president of plan and you can advocacy having Pledge Business Organization and you may Pledge Credit Connection
A unique statement hyperlinks the fresh effect from higher-pricing financing storefronts primarily focused for the Memphis’ minority groups to help you broadening the new city’s racial money gap.
” Which is associated with multiple-finger rates of interest on the fund and you will repayment elements that can get-off those in deeper obligations before taking the loan.
“The more things change, the greater they stay a comparable,” said the newest Rev. Darell Harrington, Black colored Clergy Collective monetary empowerment sofa and you may older pastor of brand new Sardis Baptist Church. (περισσότερα…)