Kansas City: Payday Lending and Predatory Lending

The video discusses the ongoing racial and economic challenges in Kansas City, focusing on the impact of payday lending. It highlights the misuse of community resources and the historical context of banking deregulation. The video also covers legislative efforts to reform payday lending laws and the community's initiative to cap interest rates, emphasizing the need for collective action to address predatory lending practices.

What arguments did payday lenders use to justify high interest rates?

What is the Cap the Rate Initiative and why was it created?

How do predatory lenders target specific communities, according to the speaker?