After reading Daniel Brook’s in-depth glance at Tennessee’s payday lending industry within the April problem of Harper’s Magazine, we’m astonished here has not been any buzz that is real regional blog sites.
Although the mag hit appears a weeks that are few, the tale just stumbled on our attention, compliment of Carol McCullough at periodic Muse. You will need a membership to get into the tale in the mag’s web web site, you could see the whole piece, “Usury nation: Thank you for visiting the Birthplace of Payday Lending,” at Bill Totten’s Weblog. It will probably probably shock no body to discover that payday financing is a predatory training that takes benefit of the desperation of economically strapped individuals. Nevertheless, Brook’s articleвЂ”which focuses largely on W. Allan Jones, creator of Cleveland, Tenn.-based Check towards CashвЂ”clearly spells away so how insidious (and enormous) the industry is.