Systemic Discrimination: How Predatory Lenders Target Communities of Color | Ramenda Cyrus | TMR

Emma Vigeland is joined by Ramenda Cyrus, John Lewis Writing Fellow at The American Prospect, to discuss her recent piece entitled “Predatory Lending’s Prey of Color.”

Ramenda Cyrus walks through the story of Ms. Lilly to demonstrate the prominent and growing issue of predatory lending in the US, parsing through the tactics these predators use, and the infrastructural gaps they exploit. Wrapping up, Cyrus and Emma explore the particular role of Bank-deserts in inflaming this issue, why this exploitation primarily affects low-income people of color, and how this all relates to the defanging of Dodd-Frank.

Read the full piece here: https://prospect.org/economy/2023-06-05-predatory-lendings-prey-of-color/

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