The Rev. Sekinah Hamlin (left) of Greensboro, N.C., while the Rev. Dr. Jack Sullivan Jr., of Findlay, Ohio, were among the list of faith leaders protesting outside of the payday lenders meeting near Miami. Greg Allen/NPR hide caption
At Trump nationwide Doral club near Miami this week, professionals because of the country’s cash advance industry are keeping their yearly seminar with receptions, breakout sessions and a tennis competition.
A smaller group gathered to hold a protest outside the gates of the resort Tuesday. These were wanting to shame a business them money at interest rates as high as 200 percent to 300 percent a year that they say preys on the vulnerable, by lending.
“There are those who need small-dollar loans, but this can be a trap,” stated Cassandra Gould, A african methodist episcopal pastor from Missouri. ” just just just What they do not require will be need to pay $500 back over and over and repeatedly, after which therefore maintain a worse situation that is financial they started out in.”