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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  • Pew Applauds Ohio House Committee for Payday Loan Reform Vote

    WASHINGTON—The Pew Charitable Trusts praised Ohio legislators today for passing H.B. 123 out of a key House committee, a long overdue step toward reforming the state’s payday loan industry. The provisions included in the bill would close the credit services organization loophole, give borrowers more time to repay, and achieve lower prices. The bipartisan bill was first introduced in... Read More

  • Millions Use Bank Overdrafts as Credit

    More than 39 million American adults incurred at least one fee for overdrawing their bank account or having insufficient funds in the past 12 months, according to an analysis of survey data by The Pew Charitable Trusts. Most of these consumers, known as overdrafters, view bank overdraft programs as a way to ensure that payments will go through if checking account balances are low. But almost a... Read More

  • Customers Can Avoid Overdraft Fees, but Most Don’t Know How

    Each year banks make billions of dollars in overdraft fees, and more than three-quarters of this revenue is generated from just a small fraction of checking accounts, less than 10 percent. Survey research by The Pew Charitable Trusts shows that overdraft programs are not meeting the needs of most consumers for two key reasons. First, most of those who overdraw their accounts do not know that they... Read More

Media Contact

Benny Martinez

Officer, Communications

202.540.6533