Consumer Group Study Exposes Racial Targeting Among Payday Predators

Statistical Data Highlights Tactics of Debt Trap Lenders

The Chicago Sun-Times is out with a story citing data from a study conducted by the Woodstock Institute that demonstrates that payday lenders in Chicago use racial targeting as standard operating procedure.

From the story:

Using 2019 borrower loan data obtained from state regulators, the nonprofit Woodstock Institute found the top ZIP codes for payday loans, excluding the…