Category: Nebraska Payday Loan

CRA: Payday Lending Beneath The CRA Microscope

CRA: Payday Lending Beneath The CRA Microscope

The penultimate session at PCi’s CRA and Fair Lending Colloquium had been a conversation and debate on payday financing. The panel included Billy Webster, CEO of Advance America, a payday that is leading, and Arthi Varma, a customer advocate with all the California Reinvestment Coalition.

Sources to payday lending were interspersed through the conference, often with unfavorable connotations.…