Every year, thousands of activists gather for the annual Netroots Nation conference. In August, they converged on Atlanta, Georgia – a state where residents are freed from the payday debt trap, but still struggling to eliminate the car-title debt trap. Attendees would find themselves in the payday loan Pit of Despair, thinking about escaping from the deep financial hole of …
The Pit of Despair in Atlanta, Georgia
It was perhaps an appropriately rainy day in Georgia as Rise Up Georgia and Jobs with Justice brought out the Pit of Despair in Atlanta, helping consumers visualize the debt trap that drowns so many payday bowers in debt. People lined up to fall into the pit and to tell the Consumer Financial Protection Bureau to finally propose a rule …