The 901: Partnering with predatory loan providers is wrong and MLGW should stop carrying it out

The 901: Partnering with predatory loan providers is wrong and MLGW should stop carrying it out

The 901 will be your blend of Memphis news and commentary morning

Good early early morning from Memphis, where voting that is early the presidential and General Sessions Court clerk primaries starts now. We are speaking this early morning about St. Jude’s updated expansion plan additionally the Beale Street Music Festival lineup. But first .

ACE money Express when you look at the Parkway Village shopping mall Monday, Feb. 3, 2020, in Memphis.

Each and every day in Memphis, individuals requiring cash that is quick pay bills along with few other choices sign up for high-interest loans via payday loan providers. As soon as they can not repay, their loans renew, trapping them with what may be a vicious period of financial obligation. Read More