Posted inBusiness, Columnists, Op-Ed, Opinion, William Reed

BUSINESS EXCHANGE: Are Payday Loans in Blacks’ Best Interest?

Maybe it’s because of the Bible story from the book Matthew detailing Jesus driving the “buyers and sellers out of the temple” that money lenders are held in such high contempt. Fourteen states and the District of Columbia ban payday loans. Payday loans are a highly-controversial form of credit because as borrowers find fast relief, politicians have entered the fray to oppose these loans’ high-interest rates.