Greg Allen / NPR
Picture by Greg Allen NPR
The Rev. Sekinah Hamlin (left) of Greensboro, N.C., plus the Rev. Dr. Jack Sullivan Jr., of Findlay, Ohio, had been one of the faith leaders protesting outside of the lenders that are payday near Miami.
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This week, executives with the nation’s payday loan industry are holding their annual conference with receptions, breakout sessions and a golf tournament at Trump National Doral Golf Club near Miami.
Beyond your gates associated with resort Tuesday, a smaller sized group collected to put up a protest. These were wanting to shame a business which they state preys in the susceptible, by lending them cash at interest levels up to 200 % to 300 per cent per year.
“There are those who require small-dollar loans, but that is a trap,” said Cassandra Gould, A methodist that is african episcopal from Missouri. ” just What they do not require is always to need to pay $500 back over and over and repeatedly, after which consequently take a even even worse financial predicament then they began in.”
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