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After 30 years of working with credit unions that are on the front lines of serving low-income people, you’d think no financial horror stories about the victimization of the vulnerable would surprise or shake me. Been there, done that?

Not really. A page-one story from the Wall Street Journal on Feb. 12 was enough to rekindle my–and many other credit union peoples’–fire about financial abuse and the absolutely critical role our movement must play in America’s economic life. WSJ’s “Social Insecurity: High-Interest Lenders Tap Elderly, Disabled” recounts the growing penetration of these two “market segments” by high-cost payday lenders, to devastating effect.

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