Rev. Deforest Soaries:"Payday loans are as sinister a presence in low-income communities today as the Jim Crow practices were in black communities in the mid twentieth century. I am as committed to protesting the allowance of predatory lending as my forebears were committed to fighting against segregation. If Dr. King were alive today, he would confront the predatory payday industry. We must do no less."
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Rev. Martin Luther King, Jr. on economic justice:"The dignity of the individual will flourish when the decisions concerning his life are in his own hands, when he has the means to seek self-improvement."
Faith Groups Confront Payday LendersMore About Payday Lending
Payday lending carries annual interest rates over 300%. They create a cycle of debt that leads to unpaid bills, overdrafts, and even bankruptcy.
Find out more at: responsiblelending.org/payday-lending |
