Author: NNPA

A loan shark in your pocket: Cellphone payday loan apps leave many consumers worse off

Predatory earned wage advance (EWA) apps are trapping low-income workers in cycles of high-interest debt, with borrowers often reborrowing at rates equivalent to 300 percent APR or more. Consumer advocates and regulators warn that without stronger financial protections, these apps will continue to exploit vulnerable Americans, deepening financial insecurity rather than alleviating it.
The post A loan shark in your pocket: Cellphone payday loan apps leave many consumers worse off appeared first on AFRO American Newspapers.

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Shannetta R. Griffin selected to serve as new head of Maryland Aviation Administration, BWI Airport

Maryland Transportation Secretary Paul J. Wiedefeld has appointed Shannetta R. Griffin as the new executive director and CEO of the Maryland Aviation Administration (MAA). In the role, she will oversee BWI Thurgood Marshall Airport, Martin State Airport, and the state’s regional aviation program. Griffin, a veteran transportation engineer with four decades of experience, previously served as associate administrator of airports for the FAA and will focus on expanding economic opportunities and strengthening partnerships within Maryland’s aviation sector.
The post Shannetta R. Griffin selected to serve as new head of Maryland Aviation Administration, BWI Airport appeared first on AFRO American Newspapers.

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