Payday Lenders Convening At A Trump Resort Are Met By Protesters

Payday Lenders Convening At A Trump Resort Are Met By Protesters

Greg Allen / NPR

Picture by Greg Allen NPR

The Rev. Sekinah Hamlin (left) of Greensboro, N.C., and also the Rev. Dr. Jack Sullivan Jr., of Findlay, Ohio, had been on the list of faith leaders protesting outside of the lenders that are payday near Miami.

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This week, executives with the nation’s payday loan industry are holding their annual conference with receptions, breakout sessions and a golf tournament at Trump National Doral Golf Club near Miami.

A smaller group gathered to hold a protest outside the gates of the resort Tuesday. They certainly were wanting to shame a market 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 individuals who require small-dollar loans, but it is a trap,” stated Cassandra Gould, A african methodist episcopal pastor from Missouri. ” exactly What they don’t really require is always to need certainly to spend $500 back over and over and repeatedly, after which consequently take an even worse situation that is financial they started out in.”

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