In states across the country, payday loans companies, and the lawmakers they've bought off, are trying to pass bills that would economically exploit vulnerable Black communities. Some of these bills would allow payday loan companies to increase interests rates up to 300%!
We’re fighting these predators at every turn and have already stopped a payday lender giveaway in Louisiana that would have sucked hundreds of millions of dollars out of the pockets of Black Louisiana communities. We’ve shown that we can stop this predatory industry, help us spread this fight across the country.
With the Trump administration relaxing regulations on the major payday players, now more than ever, we need your help to fight back against these legalized loan sharks.
We know that, nationally, payday loan companies are twice as likely to set up shop in Black and Latinx communities than they are in white ones. This targeting of communities of color only serves to exacerbate the racial wealth gap and keep families of color in financial servitude. Help us fight back by funding our economic justice work.