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October 19, 2015 | Research & Surveys
A New York Federal Reserve official and three distinguished academics examined the objective research to see if the criticisms of payday loans by those who do not use the product, including many law professors, consumer advocates, journalists and policymakers, are justified. The author’s review of the academic materials shows many “elements of the payday lending critique…don’t hold up under scrutiny and the weight of evidence.” ...
January 1, 2013 | Research & Surveys
A 2013 study by Professor Ronald Mann of Columbia Law School found that most payday loan consumers were able to pinpoint exactly how long it would take for them to pay off their loan. In fact, contrary to the “cycle of debt” rhetoric that many critics employ, just as many borrowers paid off their debt sooner than expected as did later than expected. ...
The Federal Reserve this week released a new report on the economic well-being of U.S. households in 2017. The report highlights that even with improved financial conditions over the past five years, 40 percent of Americans either could not cover or would struggle to cover an unexpected expense of $400. ...
May 23, 2018
Washington, D.C. – New survey research released today by premier polling firms Global Strategy Group (D) and the Tarrance Group (R) ...
July 17, 2017