We can stand the competition
November 16, 2009 | Washington, alternatives, industry | Comments (0)From the story:
Lower Columbia CAP is gunning for the business of payday lenders — minus the high interest rates that cost consumers millions nationwide each year.
The area’s largest social-service agency is hoping to start a community bank that gives low-income people a low-interest lending option.
Data from a year-long pilot program indicates a need for more loan options for low-income residents, said Marcel Goulet, director of CAP’s Financial Independence Center.
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