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Payday Lending in America
This collection presents original research findings from the Pew Safe Small Dollar Loans Research Project on the existing landscape for payday lending around the country. more
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April 16, 2013
Sacramento Bee: Editorial: An Incremental Step to Stem Payday Loans
Sacramento Bee edititorial: California's $3.3 billion payday lending industry preys on the poor and the financially unsophisticated. Attempts to rein it in have failed. California remains among the most permissive states when it comes to payday lending. more
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- Infographic
- Safe Small-Dollar Loans Research Project
Infographic: Payday Loans and Tax Time
How do payday loan borrowers use their tax refund? Pew has shown that payday loans are used for long term expenses instead of emergencies, and that many payday borrowers end up paying off their balances with a cash windfall. more
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- Infographic
- Prepaid Cards Research Project
Infographic: Risky Refunds
What are the risks when consumers receive their tax refund on a prepaid card? The use of general purpose reloadable prepaid cards has grown 600 percent since 2010, and Americans are expected to load over $200 billion on them this year, according to the Mercator Advisory Group. more
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- Media Coverage
- Safe Small-Dollar Loans Research Project
USA Today: Payday Loans Can Get Out of Control
The real question is, can [borrowers] actually afford to repay the payday loans? Come up with $300 or $500 in just two weeks? Or even in a month? more
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- Media Coverage
- Safe Small-Dollar Loans Research Project
Marketplace: Payday Lenders Need to Be More Transparent
Every year, 12 million Americans take out high-interest, short-term payday loans. The industry likes to claim it's offering a needed service and helping people who can't get credit anywhere else. more
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March 5, 2013
Imperfect Protection
General purpose reloadable prepaid cards have rapidly gained popularity. They allow consumers to direct deposit their paychecks and pay their bills online, just like a checking account. But unlike checking accounts that carry up to $250,000 in mandatory deposit insurance per customer, prepaid cards are not required to carry any at all.
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February 20, 2013
How Borrowers Choose and Repay Payday Loans
This report—the second in Pew’s Payday Lending in America series—answers questions about why borrowers choose payday loans, how they ultimately repay the loans, and how they feel about their experiences.
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- Featured Collection
- Safe Small-Dollar Loans Research Project
Payday Lending in America
This collection presents original research findings from the Pew Safe Small Dollar Loans Research Project on the existing landscape for payday lending around the country, state by state data on loan regulation, and other information critical to creating a safe and transparent marketplace for those who borrow small sums of money.
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- Infographic
- Safe Small-Dollar Loans Research Project
How Payday Loans Work
Each year, millions of people struggle to pay their bills. A consumer usually has several options to consider. more
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- Infographic
- Safe Small-Dollar Loans Research Project
