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There’s a racial gap in marketing by banks and payday lenders, study finds

Friday, April 9, 2021
David Lazarus | The Los Angeles Times
Marisabel Torres
“There is clear evidence that payday lenders target people of color,” said Marisabel Torres, director of California policy at the Center for Responsible Lending. She told me her organization is troubled by “any idea that mainstream banks are for white communities, while people who have historically struggled for middle-class security are offered predatory, wealth-stripping products.”