Climate change driving demand for predatory loans, research shows
The Guardian -

Study connects heatwaves and cold snaps to surges in payday lending, keeping people in debt and harming communities of colorTwo competing payday loan stores stand on the corners of an intersection in south Los Angeles. An area of persistent poverty, south LA is also a banking desert where payday lenders fill the gap. Long lines form inside the stores on the first of the month, when rent is due.Guillermina Molina, a 60-year-old retired housekeeper, visits the same Speedy Cash each month. During...

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