WATCH: Ending Junk Fees & Combating Predatory Lending Practices

Are you paying high interest rates to cash your check? Are you paying high interest rates on credit card loans? SoLo Funds, a leading community finance platform, and the Global Black Economic Forum, an international enterprise dedicated to advancing the economic interests of the Black Diaspora, released the 2023 Cash Poor Report, a survey of adults in the United States living paycheck-to-paycheck who have experienced at least one unplanned expense in the past twelve months. Based on the results of the study, Solo Funds and the Global Black Economic Forum are seeking policy changes on both the state and federal level to address widespread systematic and ongoing predatory practices that are disproportionately impacting Black and Brown consumers.