Do Payday Lenders Target Minorities?
It’s well documented that payday loan providers have a tendency to find in low income, minority communities, but they are loan providers finding during these areas for their racial structure or because of these monetary faculties? The proof indicates the latter.
Making use of Zip code-level information, this research found that racial structure of the Zip rule area had small influence on payday loan provider areas, provided economic and demographic conditions. (mehr …)