Research

Payday Lending

Payday lending is is a short-term practice in which consumers, in need of money before their next payday, borrow that money from a lender and repay the amount when their next paycheck comes. Read about the predatory nature of the industry, existing regulations to benefit consumers, and the optimal payday lending policy developed from evaluation of policies across the US. Read the full research paper below and look out for its upcoming feature in Curieux Academic Journal!