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(ColorLines) — Leeann Hall, Applied Research Center board member and director of the Alliance for a Just Society, turned me on to this important report from the Showdown in America folksabout credit segregation. Many long-time Colorlines and ARC friends are involved in this coalition that’s pushing back against the immoral, wrong headed and just plain greedy behavior of the financial industry. It’s a relief to see the Showdown recognize the racial dimensions of the credit crisis.  Their research shows that banks are pulling good credit services out of black and Latino communities, replacing them with more and more of those payday shops that’ll lend you a little money against your coming check, and then charge interest up to 911 percent for a one week loan.

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