Tierney Blog

Resources on Payday Lending

Attorneys General and consumer advocates have long believed that payday lending exploits low income citizens while the industry alleges that payday loans fill a vital credit need for those with no savings. This post by the Journalist Report at the Kennedy School both summarizes the CFPB's payday initiative as well as providing links to recent research.

See: Journalist's Resource, Do payday loans exploit poor people? Research review