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.
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WASHINGTON—The Pew Charitable Trusts today released a report detailing fraudulent and abusive practices associated with payday loans offered online. Read More
Financial regulators, most urgently the Consumer Financial Protection Bureau, have a historic opportunity to create new rules to promote a safer and more competitive small-dollar loan market. These rules should apply to all small-dollar cash loans including storefront payday loans, online payday loans, and similar installment loans from banks and nonbanks. Read More
This report, the fourth in Pew’s Payday Lending in America series, examines Internet-based payday loans and finds that lender practices often have serious detrimental effects on consumers. Read More