Posts in category "Payday Loan"

Poverty’s Many Pathways into Chicago's Youth Gang Violence

Poverty’s Many Pathways into Chicago's Youth Gang Violence
Chicago’s youth gun violence is being exacerbated by financial exploitation, fear, community tolerance and distrust of the police while Washington is out of touch and urgent financial help is needed. There has been an influx of gang activity and drug selling “even with the presence of all of our churches” observed Pastor Belinda Hood of... Read more »

Payday Loans May Include Baloney Sandwiches

Payday Loans May Include Baloney Sandwiches
Recent changes in the law leaves the door open for overly aggressive tactics and creates new risks for borrowers who fall on hard times. One reason Chicagoan’s should steer clear of small dollar, short-term payday type loans is because they can “get you a baloney sandwich in jail,” says Attorney John Lag, Adjunct Law Professor... Read more »

Payday Loans Lead to Financial Instability Zones

Payday Loans Lead to Financial Instability Zones
Increasing enforcement capabilities through the Department of Business Affairs & Consumer Protection is part of the new reforms Mayor Rahm Emanuel hopes will provide a measure of protection from predatory financial services that have continued to proliferate within the city. Chicago’s most vulnerable families are the focus of the Mayor’s recently announced crackdown on bad... Read more »
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Poverty: Political and Profitable

Poverty: Political and Profitable
As the gap between rich and poor continues to widen, poverty in America has risen to its highest level in 47 years.  Most telling about this fact is that a full third of Americans now identify themselves as lower class according to a Pew report. The Census Bureau’s report on poverty this past September showed... Read more »