Research has found that bans on payday lending leave consumers in greater financial distress. Three studies have looked at what happened to consumers in states where payday lending was eliminated and discovered the true cost to consumers of this misguided approach.
Consumers fare worse under payday loan bans: research from GA, NC & OR shows harm
Posted on19 February 2009.
Leave a Reply
- Round of applause
- Let’s try not to make generalizations
- Quote of the day (from Tuesday’s Senate Banking Committee Hearing)
- Dear banks, make your disclosures more clear, Date says
- Cordray nomination passes Senate Banking Committee
- President Obama blasts BofA’s $5 debit card fee
- CFPB says ‘We’re listening’
- Update on Cordray
- And on that same topic, your Quote of the Day
- Do restrictions work, or are consumers going to unregulated entitites?
-
Payday Pundit: Thank you for asking! Please feel free to use our ...
-
-
Jer Ayles-Ayler: We can only hope a journalist at Today will attemp...
-
Phil: I think check n go is thriving in this fierce comp...
-
Donya Jadlowiec: Hello could I use some of the material found in th...
alternatives Arizona Arkansas ban bank fees bans best practices bounced check fees Center for Consumer Freedom Center for Responsible Lending Cleveland Plain Dealer Colorado Columbus Columbus Dispatch consumer choice credit cards customers D. Lynn DeVault employees FDIC financial choice HB 545 Herb Sandler Issue 5 job loss local issues Missouri New Hampshire North Carolina Ohio Oregon overdraft protection payday loan alternatives rally rate cap rate caps research South Carolina South Carolina payday lending state regulation The State Virginia WalletPop Wall Street Journal washington state payday lending
-
Stay up to date
- Subscribe to the RSS feed
- Subscribe to the feed via email
© 2011 Payday Pundit. Powered by CFSA.
