After reading Daniel Brook’s in-depth view Tennessee’s payday financing industry within the April dilemma of Harper’s Magazine, we’m astonished here has not been any buzz that is real neighborhood blogs.
Though the mag hit appears a weeks that are few, the tale simply stumbled on our attention, because of Carol McCullough at periodic Muse. You will need a membership to gain access to the story during the mag’s site, you could see the piece that is entire “Usury nation: Welcome to the Birthplace of Payday Lending,” at Bill Totten’s Weblog. It’ll probably shock nobody to find out that lending that is payday a predatory practice that takes benefit of the desperation of economically strapped individuals. Nevertheless, Brook’s articleвЂ”which concentrates mostly on W. Allan Jones, creator of Cleveland, Tenn.-based Check Into CashвЂ”clearly spells away so how insidious (and enormous) the industry is.