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

Regulate Predatory Small-Dollar Lending

Published Date
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

Card image cap
Equitable Business Policy Guide
Resource - Guide/handbook
Published on 04/20/2021

Data & Metrics

Card image cap
Advancing Equitable Economies Policy Library
Published on 04/20/2021