Payday Loan Reading List
…payday lending.” The Economics of Payday Lending (ungated), John P. Caskey, Swarthmore College. General overview of payday lending industry and basic issues. Written for a lay audience. Do Payday Loans…
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Payday Loan Industry Bad; Mob Racketeering Good
…improve the climate for loan sharking and enforcing collections with baseball bats, then by all means legislate the payday loan industry out of existence. This set of arguments about payday…
Restricting Credit for Poor People
…it doesn’t reflect the experience of the typical borrower. No one keeps a payday loan for a year; that’s not how these things function. Payday lenders charge about $15 per…
Payday Loan Industry in the News
Some legislators held a hearing the other day on the harms caused by the payday loan industry. Combest has linked toseveral news stories about the hearing. Although payday loan companies…
Payday Loan Regulations Are Misguided
The Post-Dispatch featured an article this week exploring how “Payday loan dispute does not slow use.” The article focuses on several anecdotes — a mother of small children facing cuts…
Move Over, Payday Loans
…the borrower; and the borrower hopefully builds up savings and reduces his dependence on payday loans. The payday lenders offer better rates on certain loan amounts, and there will still…
Economics 101
…others. Today’s economic lesson is about the St. Louis Board of Aldermen and its proposal to limit payday loan stores in the area, as reported by the Post-Dispatch. Payday loans…
“There Are Lies, Damn Lies, and Statistics”
The Springfield News-Leader published a letter to the editor from the Show-Me Institute this morning about payday lending. In response to the reader comments that claim that the information in…
A New Payday Pundit
The Springfield News-Leader has another op-ed on payday lending today. The author, Ryan Cooper, has a great anecdote at the beginning of his article (it just goes to show you…
