A map regarding the Shreveport area showing bank branches (black colored map markers), low-income areas (polka-dotted areas), and minority populace (darker means greater portion). (Credit: Nationwide Community Reinvestment Coalition)
Once in a while, driving around their hometown of Shreveport, Louisiana, Steven Jackson gets away from their automobile at an end indication or light that is red hops off towards the median or the part for the road and eliminates an indication marketing for pay day loans, tax advance loans, or sometimes also вЂњholiday loans.вЂќ
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Theoretically, all signage without town approval on town roads is unlawful in Shreveport, nevertheless the indications keep showing up anyhow. Using them down is perhaps all per time’s work protecting their constituents from predatory loan providers, as Jackson is just a commissioner for Caddo Parish, containing Shreveport.
More formally, Jackson recently won unanimous approval from the parish payment to make an activity force to deal with the problem of banking deserts close to Shreveport. The main concern for the job force: locating a ready partner, either a bank or credit union, whom could simply take a number of Caddo Parish’s build up and available branches inside banking deserts. Continue reading →