*Somerset, NJ – Last Friday at the 4th Annual Dfree® Financial Freedom Conference, hundreds of Black church leaders from around the nation gathered to launch a national strategy to end short term, high interest lending (known as payday loans), that has undermined financial capacity among many Black Americans. Read the entire story here.
In response to payday lending practices, churches have started programs to help the poor escape their debt. Correspondent Lucky Severson reports from Birmingham, Alabama on lenders who target and trap the most vulnerable. Click here to read the transcript at pbs.org.