Impact University: Payday Loans


Predatory Lending Practices Fact Sheet >

Impact Alabama (2014-10-02): Predatory lending is characterized by a variety of practices that often trap borrowers in a cycle of debt. This fact sheet identifies several practices that characterize payday and other predatory loans.

Center for Responsible Lending

Fact v. Fiction: The Truth about Payday Loans >

Center for Responsible Lending (2001-01-01): With huge profits at stake, the payday lending industry is fighting reform efforts by positioning itself as "consumer friendly," misrepresenting the facts, and circumventing state laws.

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