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Dav >Opinion: Ferguson and money вЂ” where > that is d: Aug. 27, 2014 at 10:04 a.m. ET
The Missouri town, reeling from protests, includes a system that is financial on pay day loans and pawn shops, and thatвЂ™s area of the problem
Payday loan providers in Missouri cost normal interest that is annual of 455%, resulting in financial obligation traps for a lot of clients.
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FERGUSON, Mo. (MarketWatch) вЂ” If you drive the two-mile stretch of western Florissant Avenue which was the epicenter of almost fourteen days of protests and rioting when you look at the aftermath associated with the authorities shooting of unarmed teenager Michael Brown, the thing that is first notice is the fact that there exists a great deal to purchase.
Traveling south from I-270 toward the townвЂ™s boundary at Lucas-Hunt path, you will find a dozen fast-food restaurants вЂ” Taco Bell, McDonaldвЂ™s MCD, +0.82% , DominoвЂ™s DPZ, +0.25% , ArbyвЂ™s вЂ” and a Target TGT, +0.42% , Walgreens XE:WGN , Dollar General DG, +0.37% , SamвЂ™s Club, Wal-Mart WMT, +0.02% вЂ” pretty much every retailer that is national would ever guess.
By doing so, FergusonвЂ™s drag that is mainnвЂ™t much different than just about every other company corridor when you look at the heartland.
That is, aside from familiar banking names. Ferguson is not totally vo >-1.28per cent branch, an initial nationwide Bank as well as 2 credit unions. Continue reading MarketWatch web web Site Logo a hyperlink that brings you back into the website.