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Column: exactly why is the UC system purchasing a payday lender accused of trapping individuals in perpetual financial obligation?

Column: exactly why is the UC system purchasing a payday lender accused of trapping individuals in perpetual financial obligation?

The University of Ca makes cash whenever US workers become caught in endless rounds of high-interest financial obligation.

That’s since the college has spent huge amount of money in a good investment investment that has one of many country’s largest lenders that are payday ACE money Express, that has branches throughout Southern Ca.