Dartmouth Payday Loan Study: Oregon Rate Cap Harms Consumers
Discouraged Consumers
In 2007, the State of Oregon imposed a low payday loan rate cap of $10 per $100 borrowed (150 percent APR), and extended the previously common two-week payment period to a minimum of 31 days. Numerous sources have spoken out against this regulation, claiming it to be unfair and [...]
Benefits of Payday Loans Outlined in Yale Study
Payday loans are a form of consumer microcredit that has frequently been misrepresented by the media. It would appear that the incentive behind such shortsighted, vacuous, popgun attacks is being supplied by their financial backers in the finance industry (banks). Banks do not relish the prospect of lost profits to [...]
Montana, Cap Payday Loans and Hurt Your Population
Financial Resources Over-Regulated
Despite the fact that payday loans have been a boon to cash-strapped consumers who need a little help between paychecks, bank-controlled government acts in the best interests of their campaign supporters, rather than in the best interests of the people. Some take this path, while others recognize their [...]
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