For Working Poor, Tax Season Brings Rush to Use Refund Anticipation Loans and...
For Working Poor, Tax Season Brings Rush to Use Refund Anticipation Loans and Checks Source: Urban Institute Nearly one in five tax filers getting a refund this tax season, many of whom number among...
View ArticlePayday Lending 2011 Legislation
Payday Lending 2011 Legislation Source: National Conference of State Legislatures This page addresses state legislation regarding payday lending or deferred presentment, which features single-payment,...
View ArticleHow Borrowers Choose and Repay Payday Loans
How Borrowers Choose and Repay Payday Loans Source: Pew Charitable Trusts For someone in need of quick cash, a payday loan can look like a way to avoid asking loved ones for help or getting into...
View ArticleTriple-Digit Danger: Bank Payday Lending Persists
Triple-Digit Danger: Bank Payday Lending Persists Source: Center for Responsible Lending Banks pitch payday loans as short-term borrowing that allows their customers to deal with a financial emergency,...
View ArticleWho Borrows, Where They Borrow, and Why: Payday Lending in America
Who Borrows, Where They Borrow, and Why: Payday Lending in America Source: Pew Charitable Trusts Each year, 12 million borrowers spend approximately $7.4 billion on payday loans. This report—the first...
View ArticleThe State of Lending: Payday Loans
The State of Lending: Payday Loans Source: Center for Responsible Lending Payday loans—high-cost, quick-fix loans that trap borrowers in debt by design—cost cash-strapped American families $3.4 billion...
View ArticlePayday Lending Regulation
Payday Lending Regulation Source: Federal Reserve Board To date the debate over payday lending has focused on whether access to such lending is on net beneficial or harmful to consumer welfare....
View ArticlePayday Loans and Consumer Financial Health
Payday Loans and Consumer Financial Health Source: Federal Reserve Board The annualized interest rate for a payday loan often exceeds 10 times that of a typical credit card, yet this market grew...
View ArticleCFPB data point: Payday lending
CFPB data point: Payday lending Source: Consumer Financial Protection Bureau Our data point reports are prepared by our Office of Research to provide an evidence-based perspective on consumer financial...
View ArticleReport: FDIC Senior Officials Acted on Personal Animus against Legal...
Report: FDIC Senior Officials Acted on Personal Animus against Legal Businesses Source: U.S. House of Representatives, Committee on Oversight and Government Reform The House Oversight and Government...
View ArticleOverdraft Frequency and Payday Borrowing
Overdraft Frequency and Payday Borrowing Source: Pew Charitable Trusts According to an analysis of banks’ account data published by the Consumer Financial Protection Bureau in July 2014, “a relatively...
View ArticlePayday Mayday: Visible and Invisible Payday Lending Defaults
Payday Mayday: Visible and Invisible Payday Lending Defaults Source: Center for Responsible Lending This paper’s findings highlight that the lack of underwriting for payday loans creates economic...
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