SOCIAL - POLITICAL COMMENTARY: Other America: Low Income Banking 1

This image was taken in Roselawn, a neighborhood in Cincinnati, OH where most of the residents are people of color. A significantly greater percentage of people of color compared to white people, rely on payday loans, pawn loans, automobile title loans, tax refund anticipation loans and check-cashing services as a source of credit products or transaction services. While some view these firms as filling a niche those traditional financial service providers have chosen to avoid, others view them as targeting and preying upon economically vulnerable members of society. Generally, these service providers are more likely to be located in areas where the population is disproportionately poor, minority, and poorly educated
Low Income Banking 1

This image was taken in Roselawn, a neighborhood in Cincinnati, OH where most of the residents are people of color. A significantly greater percentage of people of color compared to white people, rely on payday loans, pawn loans, automobile title loans, tax refund anticipation loans and check-cashing services as a source of credit products or transaction services. While some view these firms as filling a niche those traditional financial service providers have chosen to avoid, others view them as targeting and preying upon economically vulnerable members of society. Generally, these service providers are more likely to be located in areas where the population is disproportionately poor, minority, and poorly educated