Commentary: At first, a payday loan may seem innocuous and helpful, a way to relieve the immediate pressure of piled-up bills. But soon their high interest rates ensnare the low-income people they target. Such predatory practices have their roots in racist economic and residential policies. The head of Exodus Lending, a St. Paul nonprofit, pleads for “a change in the system.”
Author Archives: Anne Leland Clark
Anne Leland Clark recently became executive director of Exodus Lending, a St. Paul-based nonprofit devoted to helping people deal with payday loan debt. She is a longtime advocate for financial inclusion and economic justice, and served on the Exodus Lending Board for four years. Over the previous decade, she worked as financial capability and learning director at Prepare + Prosper in St. Paul, designing and supporting financial coaching and inclusion programs.
