Project News
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Today
Payday Loans: Who Uses Them and Why?
Follow the story of Jennifer, a typical payday loan customer who takes out a cash advance and ends up borrowing from her parents to pay it back, an option she could have used initially, instead of taking out a loan. more
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May 9, 2013
Payday Loans Explained
Twelve million Americans take out payday loans every year, but there are still misconceptions about how they are actually used. Follow the story of Jennifer, a typical payday loan customer, who takes out a cash advance on her paycheck to make ends meet, but ends up paying more than $500 in fees. 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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- Press Release
- Safe Small-Dollar Loans Research Project
Pew Survey: Payday Loans Fail to Work As Advertised
A new report from The Pew Charitable Trusts, Payday Lending in America: How Borrowers Choose and Repay Payday Loans, sheds light on the decision 12 million Americans make every year to use a payday loan.
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December 3, 2012
Paying for the Holidays
As the holiday shopping season takes off, consumers are turning to a variety of financial management tools. View our slideshow and learn more about Pew’s research on hidden bank fees, the growing use of prepaid debit cards, and the actual duration of payday loans that are marketed as two-week products.
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Media Coverage
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- Media Coverage
- Safe Small-Dollar Loans Research Project
'Fast Cash' Payday Loans Cost Borrowers $520 Per Year in Fees
Americans tempted by the promise of fast cash are paying an average of $520 a year in fees for short-term credit lines known as payday loans.
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- Media Coverage
- Safe Small-Dollar Loans Research Project
Payday Loan Bill Headed for Debate
Legislation to more tightly regulate and monitor Delaware's payday lending industry is ready for debate on the Senate floor after clearing the chamber's Banking Committee on Wednesday
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- Media Coverage
- Safe Small-Dollar Loans Research Project
Let's Get More Transparency in Payday Lending
Every year, despite the risks and high costs, millions of Americans turn to payday loans for emergency funds. more
