Rio Grande Valley Multibank (RGVMB)

Texas is one of the poorest states in the country; business is booming for predatory lenders. Payday, car title, and other high-cost, unscrupulous financing services make up a $6 billion-a-year industry that strips $1.5 billion in interest and fees from local economies. For consumers, the loans offer immediate financing when needed, but often trap borrowers in a cycle of debt.

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Year: 
2016
Website: 
http://www.rgvcommunityloancenter.com
Weight: 
2