The Color of Money. Local Payday Lender Hires Ebony Strategist to protect Its Image

The Color of Money. Local Payday Lender Hires Ebony Strategist to protect Its Image

George Griffin strode to the festively embellished First Hill branch of MoneyTree, a payday that is local, dressed up in blue jeans and a black colored blazer, nevertheless chatting into their ear bud. A couple of minutes later on the business’s owner and creator, Dennis Bassford, showed up, displaying a suit that is brown-gray no tie. Bassford hired Griffin summer that is last basically to accomplish basic news relations. But their projects quickly became extremely certain. Griffin, that is black colored, spends most of their time handling accusations that MoneyTree, a chain that is renton-based along with other payday loan providers have actually targeted minorities while the bad.

Neighborhood activists have actually launched a campaign that is legislative push for the 36 per cent limit on payday-loan rates of interest, which reach an almost 400 per cent annualized average in this state.Continue reading