Quote of the Day 3/25/2015

“It’s part of their business model and not something they have been particularly secretive about. They don’t want the poorest people — they are going after the working poor that have a consistent paycheck and they have enough income that they can get them trapped in a cycle of borrowing.”

-Oklahoma Assets Network coordinator Kate Richey, speaking about a new study that shows most most payday lenders in Oklahoma are clustered around military bases (Source).

ABOUT THE AUTHOR

Gene Perry worked for OK Policy from 2011 to 2019. He is a native Oklahoman and a citizen of the Cherokee Nation. He graduated from the University of Oklahoma with a B.A. in history and an M.A. in journalism.

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