Thursday, May 30, 2013

Robert L. Johnson launching alternative to PayDay loans this summer

RLJ Companies Chairman/BET Founder, Robert L. Johnson

Serial entrepreneur and founder of Black Entertainment Television (BET), Robert L. Johnson has revealed that he is looking to launch a lending program to compete with payday lenders and help break a cyclical borrowing pattern that has squelched many African Americans and minorities' buying and savings power.

According to Johnson, an alternative is needed because payday loans prevent African Americans and others from saving

More details here...

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