showdowninamerica.org We see it all over America: one part of town has bank branches and another part of town has payday lenders gouging its customers at a triple digit interest rates. To make matters worse, big banks like Bank of America borrow money from the Fed at less than 1% interest, then lend that to payday lenders at 3%, who then turn around and lend money in our communities at 400% or more. We need to get Bank of America to stop financing payday lending, and instead support alternative small lending programs. National People's Action and The New Bottom Line have been working to stop payday lending and other predatory financial services that target struggling communities and people of color. TAKE ACTION against these predatory payday lenders and the big banks who finance them! showdowninamerica.org
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