Des Moines declares a moratorium on payday lenders

Des Moines, Iowa, has put a halt to payday lenders opening new stores there. The reason given is that payday lenders cause urban blight. READ ON...
Urban Decay

Payday Loans: Going Where the Need is Greatest

In a recent Federal Reserve study, Robin Prager discovered that the connection between credit-challenged areas and payday loan stores is very real.
Payday Loans have the green light when it comes to going where the financial need is greatest. Access to conventional credit plays a large role. (Photo: flickr.com)