Collection of research studies on payday lending that counter the argument that the absence of payday loans cause bankruptcy and suggest that access to payday loans increases the likelihood that borrowers will overdraft their bank accounts habitually and the likelihood that they become seriously delinquent on their credit cards.

Payday lending—the provision of 459% APR loans to cash-strapped borrowers—drains more than $450 million from California’s pockets every year.

The California Office of the Center for Responsible Lending prepared the following documents to help California's newest legislators navigate the predatory payday lending arena.

CA Payday Fact and Policy Sheet. Data on payday lending and payday loans in California.