Consumer Finance

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Pew studies financial products to understand how they can be made safer and more transparent. Pew’s research informs policy solutions to create more effective consumer protections.

The consumer banking initiative studies the accounts that Americans rely on every day to manage their finances, including checking accounts, prepaid cards, and mobile payments.

The small-dollar loans project focuses on small-dollar credit products such as payday and automobile title loans, as well as emerging alternatives.

Our Work

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  • Overdraft Facts

    This fact sheet examines the relationship between the overdraft policies of 42 of the nation’s 50 largest banks and the revenue those banks earn from overdraft fees. It overlays findings from Pew’s Checks and Balances: 2015 Update with Federal Deposit Insurance Corp. data for the first half of 2015 and demonstrates that bank practices predict both how much revenue these hidden,... Read More

  • CFPB Proposal for Payday and Other Small Loans: A Survey of Americans

    Payday loans typically carry annual percentage rates of 300 to 500 percent and are due in a lump sum, or balloon payment, on the borrower’s next payday, usually about two weeks later. These loans are advertised as quick fixes for unexpected expenses, but repaying them consumes more than a third of an average borrower’s paycheck, leading to repeated borrowing for an average of about half the year.... Read More

  • Meaningful Payday Loan Reform Is Within Reach

    Pew research has found that payday loans, and similar products such as auto title loans, hurt millions of borrowers annually. Read More

Media Contact

Mark Wolff

Director, Communications