Originally aired January 31, 2013.
David Gray of the Louisiana Project, discusses payday lending and its impact on our economy and low income families. Gray focuses the problems of the predatory loan industry and the way the industry targets low income families. He talks about how the marketing and financing practices trap people into the payday loan cycle. He also talks about government regulation and elimination of payday lending and provides some alternatives for people to avoid the trap. Interviewed by David Brown.
The Louisiana Budget Project website: http://www.labudget.org
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