Predatory Charity Strikes Again
Self-Helping “Center for Responsible Lending” Cynically Cherrypicks Data to Play “Race Card” in Effort to Push Bogus Consumer Regulations
On March 26, 2009 the Center for Responsible Lending issued a troubling report titled “Predatory Profiling: The Role of Race and Ethnicity in the Location of Payday Lenders in California.” The group is right to seek “efforts to help low- and moderate-income families build emergency savings…” However, a careful analysis of the “study” reveals that there are grave problems with the group’s methodology, assumptions, and motivations.
