Latest Research
Showing the Latest Payday Lending Results
-
Reality Check: Lobbyist Misleads Readers in Op-Ed on Florida’s Weak Payday Lending Laws
The Florida model is a payday lender’s dream: riddled with loopholes and massive interest rates. Average borrower takes out 9 loans.
-
Reality Check: Legislator Says People Will Turn to Prostitution, Drug Dealing Without Payday Loans
State Senator John Kavanagh defended legislation to bring payday-style loans back to Arizona saying without them people will turn to prostitution and drug dealing.
-
Reality Check: Chicken Little Payday Leader Says Sky’s Falling and CFPB Is to Blame, Not His Loans
CFPB’s outlined proposal is not a ban on payday lending. It’s aimed at ensuring a borrowers ability to repay the loan so they don’t get caught in a debt trap.
-
Reality Check: Payday Lender-Funded Poll Shows Borrowers Don’t Want Reform, Independent Poll Shows Exact Opposite
New payday lender-funded poll says consumers are satisfied and wary of efforts to strengthen regulations, independent polls show the exact opposite.
-
Debt Trap Debbie: Sabotaging Obama on Payday Lending Reform. Suspiciously Timed Contributions from Unsavory Lenders.
Is Debbie Wasserman Schultz sabotaging President Obama on payday lending reform because of these suspiciously timed donations from payday lenders?
-
Reality Check: Rep. Alcee Hastings Writes Misleading Column Supporting Disastrous “Florida Model” of Payday Lending
Hastings wrote a misleading column for Huffington Post claiming the Florida model of payday loan regulation is “progressive” and “has been protecting consumers for 15 years.”
-
68,000 Reasons Debbie Wasserman Schultz Sided With Payday Lenders Over Florida Families
Why is Debbie Wasserman Schultz is co-sponsoring legislation that would gut the CFPB’s forthcoming payday loan regulations?
-
Reality Check: Shadowy Front Group Running Grossly Misleading Ads About CFPB Pay and Office Construction Costs
Protect America’s Consumers, a shadowy special interest industry front group, is running grossly misleading ads about CFPB pay and office construction costs.
-
Reality Check: Despite Contrary Evidence, Tribal Head Says Its Payday Loan Business Helps Community
Habematolel Pomo of Upper Lake chair says tribal payday loan business is vital to community’s economic development despite report finding little of the money generated went to benefit tribal members.
-
Payday Lenders Gave $400k to Legislators Surrounding Passage of Bill Allowing 279% APR Loans
Payday lending industry contributed more than $400,000 to Tennessee lawmakers while pushing for the Flexible Credit Act, which would legalize loan with an APR of 279%.