Decatur Daily endorses Arise plan on predatory lending

The prevalence of predatory lenders in Decatur seems puzzling. With so much competition, why have the interest rates not come down? More pertinent to Sixth Avenue, why has there been no consolidation.

Speaking to the Decatur City Council on Monday, Stephen Stetson, a policy analyst for Arise Citizens' Policy Project solved the puzzle.

This Decatur Daily editorial endorses our plan for curbing predatory lending.

Read the editorial here.

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