embraced

The NAACP – the most prominent interracial civil rights organization in American history – published the first issue of The Crisis, its official magazine, 110 years ago, in 1910. W.E.B. Du Bois in his office at The Crisis in New York City, 1925. W. E. B. Du Bois Papers (MS 312). Special Collections and University Archives, University of Massachusetts Amherst Libraries, CC BY-ND For almost two and a half decades, sociologist and civil rights activist W.E.B. Du Bois served as its editor, famously using this platform to dismantle scientific racism. An advertisement for The Crisis, circa March 1925. W.E.B. Du Bois Papers (MS 312). Special Collections and University Archives, University of Massachusetts Amherst Libraries, CC BY-ND At the time, many widely respected intellectuals gave credence ...

Installment loans seem like a kinder, gentler version of their “predatory” cousin, the payday loan. But for consumers, they may be even more harmful. A little cash can be costly. AP Photo/Sid Hastings https://creativecommons.org/licenses/by-nd/4.0/ Use of the installment loan, in which a consumer borrows a lump sum and pays back the principal and interest in a series of regular payments, has grown dramatically since 2013 as regulators began to rein in payday lending. In fact, payday lenders appear to have developed installment loans primarily to evade this increased scrutiny. A closer look at the differences between the two types of loans shows why we believe the growth in installment loans is worrying – and needs the same regulatory attention as payday loans. Possible benefits At first ...

Tag: embraced

Payday lenders have embraced installment loans to evade regulations – but they may be even worse