CRL conducts in-depth research on the extent and impact of predatory lending, to provide useful information to consumers, community advocates, and policymakers alike.
- Effective State and Federal Payday Lending Enforcement: Paving the Way for Broader, Stronger Protections
Published: Oct 4 2013 Issue: Payday Loans
The predatory features of payday loans, and the impact of their long-term debt on consumers, have in recent years drawn the attention of legislators and regulators. Policymakers at all levels have...
- The State of Lending: Bank Payday Loans
Published: Sep 10 2013 Issue: Payday Loans, Bank Payday Loans
Even in the face of strong opposition by banking regulators, a few banks continue to make triple-digit payday loans. In this chapter, our analysis shows no meaningful distinction between...
- The State of Lending: Payday Loans
Published: Sep 10 2013 Issue: Payday Loans
Payday loans—high-cost, quick-fix loans that trap borrowers in debt by design—cost cash-strapped American families $3.4 billion in fees every year. Of that number, more than two-thirds—$2.6...
- Triple-Digit Danger: Bank Payday Lending Persists
Published: Mar 21 2013 Issue: Bank Payday Loans, Payday Loans
Banks making payday loans continue to trap customers in a cycle of debt, according to a CRL study, "Triple-Digit Danger: Bank Payday Lending Persists." Banks pitch payday loans as short-term...
- Big Bank Payday Loans
Published: Jul 21 2011 Issue: Payday Loans
A new CRL report describes how banks are adding predatory payday loans to their arsenal of inappropriate loan products. These loans drain cash from low-income Americans.
- Payday Loans, Inc: Short on Credit, Long on Debt
Published: Mar 31 2011 Issue: Payday Loans
New CRL research tracking borrowers over two years dispels the notion that a payday loan is a short-term debt. Although marketed and advertised as a quick solution to an occasional financial...
- Phantom Demand: Short-term due date generates need for repeat payday loans, accounting for 76% of total volume
Published: Jul 9 2009 Issue: Payday Loans
CRL analysis reveals that a sizeable majority of payday lending volume is generated by payday debt itself—borrowers need to open a new loan shortly after repaying a previous loan because repayment...
- APR Matters on Payday Loans
Published: Jun 23 2009 Issue: Payday Loans
CRL explores the payday lending industry’s attempt to deny the importance of the APR, or annual percentage rate of interest, in disclosing the cost of their 400 percent interest product, which...
- Predatory Profiling
Published: Mar 26 2009 Issue: Payday Loans
New CRL analysis finds that California's payday lenders overwhelmingly locate in African-American and Latino neighborhoods, even after controlling for income and other factors, and drain $247...
- Springing the Debt Trap
Published: Dec 13 2007 Issue: Payday Loans
CRL analysis of states that have tried to reform payday lending, finding that only the 36% rate cap has worked.
- Financial Quicksand: Payday lending sinks borrowers in debt with $4.2 billion in predatory fees every year
Published: Nov 30 2006 Issue: Payday Loans
CRL research report finds that payday lending costs Americans $4.2 billion per year in fees.
- An Attack without Merit
Published: Feb 14 2006 Issue: Payday Loans
Payday loan industry pays Prof. Thomas Lehman to challenge CRL’s research, but none of his criticisms are accurate.
- Race Matters: The Concentration of Payday Lenders in African-American Neighborhoods in North Carolina
Published: Mar 22 2005 Issue: Payday Loans