Exactly exactly just How ‘fringe’ loan providers prey on metropolitan bad Whenever traditional banking institutions take out of low-income communities, commercial check cashers, payday lenders as well as other “fringe” financial solutions dominate, usually asking high charges and interest levels to people who can minimum manage it. The Annie E. Casey Foundation is launching a national campaign to educate low-income families about banking alternatives to corner pawnshops and check-cashing services, which can charge up to 10 percent to highlight the problem.
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