Payday lending is a service that was intended to provide emergency financial relief to those who cannot afford an unexpected expense. However, 7 out of 10 borrowers use loans to cover monthly living expenses such as rent, utilities, and maintaining food security. With steep annual percentage rates averaging 391% and subsequent repeat borrowing, communities targeted by predatory lending companies fall deeper into the cycle of debt. Minnesota must reform their policies surrounding payday lending implementing legislative changes to protect Minnesotans who rely on payday loans and invest in long-term solutions that eliminate the need for a payday loan
Would you pay 1000 dollars in fees to borrow 100 dollars for a period of twenty weeks? Is it possibl...
High-cost payday loans trap consumers in unrelenting debt, stripping wealth and threatening borrower...
If you have ever driven by a street, typically not in a very wealthy neighborhood, where a store fro...
Payday lenders are becoming more common across America as they meet the unique needs of consumers un...
This Health Impact Assessment (HIA) looks at the compelling evidence of the harm caused by payday lo...
Payday lending is commonly considered to be predatory lending. Practices typically involve high inte...
This Article argues that banks, which face both regulatory and public pressures to maintain good pra...
Payday lending is controversial. In the states that allow it, payday lenders make cash loans that ar...
Payday advance outlets are the sweatshops of the lending industry. These businesses charge high fees...
A "payday loan" is a short-term loan made for seven to 30 days for a small amount. Fees charged on p...
Since payday lenders came on the scene in 1990s, regulation of their predatory practices has been ...
The payday loan, or more generally, the deferred deposit loan, is among the most contentious forms o...
Numerous industries face the problem of reaching a delicate balance between satisfying industry inte...
If you have ever driven by a street, typically not in a very wealthy neighborhood, where a store fro...
Across America, drivers pass twice as many payday loan storefronts as Starbucks coffee shops.2 In tw...
Would you pay 1000 dollars in fees to borrow 100 dollars for a period of twenty weeks? Is it possibl...
High-cost payday loans trap consumers in unrelenting debt, stripping wealth and threatening borrower...
If you have ever driven by a street, typically not in a very wealthy neighborhood, where a store fro...
Payday lenders are becoming more common across America as they meet the unique needs of consumers un...
This Health Impact Assessment (HIA) looks at the compelling evidence of the harm caused by payday lo...
Payday lending is commonly considered to be predatory lending. Practices typically involve high inte...
This Article argues that banks, which face both regulatory and public pressures to maintain good pra...
Payday lending is controversial. In the states that allow it, payday lenders make cash loans that ar...
Payday advance outlets are the sweatshops of the lending industry. These businesses charge high fees...
A "payday loan" is a short-term loan made for seven to 30 days for a small amount. Fees charged on p...
Since payday lenders came on the scene in 1990s, regulation of their predatory practices has been ...
The payday loan, or more generally, the deferred deposit loan, is among the most contentious forms o...
Numerous industries face the problem of reaching a delicate balance between satisfying industry inte...
If you have ever driven by a street, typically not in a very wealthy neighborhood, where a store fro...
Across America, drivers pass twice as many payday loan storefronts as Starbucks coffee shops.2 In tw...
Would you pay 1000 dollars in fees to borrow 100 dollars for a period of twenty weeks? Is it possibl...
High-cost payday loans trap consumers in unrelenting debt, stripping wealth and threatening borrower...
If you have ever driven by a street, typically not in a very wealthy neighborhood, where a store fro...