City of Debtors: A Century of Fringe Finance.
| Date | 01 November 2019 |
| Author | Wall, Dennis J. |
City of Debtors: A Century of Fringe Finance by Anne Fleming
The author of City of Debtors illustrates the history of predatory lending from its beginnings as small-sum lending to private citizens. The lending she writes about has been called by such names as "chattel loans," "salary loans secured by wage assignments," and "refund anticipation loans (RALs)." Today, they are all generically labeled payday loans.
The author brings formidable resources to bear on this subject. After she graduated from law school, Fleming practiced for several years at South Bronx Legal Services, which included defending homeowners in foreclosure...
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