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Angie Peacock lost 40 pounds in two months from stress and dehydration while serving in Baghdad, but coming home to Missouri was also hell.
After she was medically retired from the Army, her isolation and depression deepened. Post-traumatic stress disorder. Substance abuse. Homelessness. Suicidal thoughts.
Now, the 35-year-old has her life back, and she credits a national organization that opened a Kansas City area office. (The picture is of Peacock and her service dog, G.I. Joe.)
Article by Paul Shipp of Kansas Legal Services
The number of Payday lenders has grown at an oddly rapid rate over the past few decades, mainly in low income areas. Typically these lenders market directly to low income borrowers, notably those on a steady, fixed, and certain income. Borrowers are often at or below the poverty level; many live off only fixed incomes and are elderly or disabled.
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Special report from the Center for Responsible Lending, June 2023
The national Center for Responsible Lending (CRL) reports that single-payment and payday installment loans in 31 states drain more than $2.2 billion in fees per year from borrowers whose average incomes are approximately $25,000 a year.
Car-title loans drain more than $700 million annually from borrowers in 17 states.
Together these predatory loans drain almost $3 billion annually from those families who can least afford it.
A powerful set of financial firms have delayed federal investigations or punishments into their allegedly predatory lending practices, as they seize on an industry-led lawsuit challenging the future of the Consumer Financial Protection Bureau.
By Tony Romm, October 28 Washington Post
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