The California Department of Business Oversight (DBO) released data on October 3, 2014 showing the extent to which repeat lending comprises the bulk of payday loan activity. Over 75% of all payday loan fees are from borrowers with 7 or more payday loans in 2013. The Center for Responsible Lending's analysis of DBO's data supports the conclusion that, far from offering a quick financial fix, the industry's practices and its loans are designed to trap borrowers in long-term, unaffordable debt. Payday loans are keeping borrowers locked in a state of financial crisis, pushing safer options further out of reach.

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