Waco Tribune: Editorial, 2014 Offered Us Many Civic Blessings
November 27, 2014
A new front opened in Waco’s ongoing battle against chronic poverty. Citizens for Responsible Lending began pressing for regulation of and alternatives to predatory payday loan and auto-title loan outlets, which have an enduring reputation for not only making poor people poorer but making their lives miserable. One idea being studied locally: a model that provides “small-dollar” loans through a noble partnership of for-profit lenders and nonprofit groups. Read more here.