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Minority neighborhoods in Durham and elsewhere in North Carolina have three times the number of payday lenders as white neighborhoods of the same size -- even taking into account income, age and gender, a Durham organization reported Tuesday.
The lenders, which give short-term, high-interest loans to cash-strapped borrowers, are widening the income gap between black and white families and pulling people into "debt traps," Mark Pearce, president of the Center or ...
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