Developed by Seabourne Consulting, experts in Regulate Predatory Small-Dollar Lending

Regulate Predatory Small-Dollar Lending

Copyright
2021
Published Date
04/16/2021
Published By
Well Being In the Nation Network

Nearly 20 million Americans use payday loans, which are unregulated, small-dollar loans that people take out in advance of receiving a paycheck. These loans often have very high interest rates and penalties for late payments. Payday loans can trap people in a cycle of debt. People of color are more likely to take out a payday loan than White people and are often targeted by payday loan lenders.

Resources & Tools


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Equitable Business Policy Guide
Resource - Guide/handbook
Published on 04/20/2021
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Data & Metrics


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Advancing Equitable Economies Policy Library
Library
Published on 04/20/2021