Mark Whitlock is pastor of Christ Our Redeemer A.M.E. Church in Orange County, Calif. Gil Vasquez is managing partner of the certified public accounting firm Vasquez & Company LLP. Faith Bautista is the president and CEO of National Asian American Coalition.
There are far more payday lending stores than McDonald's restaurants in almost every state in the nation. But unlike McDonald's burgers, payday lending is rarely affordable and generally not digestible. more »
The Consumer Financial Protection Bureau's upcoming proposal to regulate payday and other short-term lenders will be an important step for consumer protection, but advocates are wrong to think the CFPB's actions are intended to or will have a positive impact on the quality of credit products for the underserved. more »