Small-Dollar Loans

Multimedia

View All
  • Nick Bourke Reflects on the Five-year Anniversary of Dodd-Frank

    When Dodd-Frank created the Consumer Financial Protection Bureau (CFPB) in 2010, it gave the agency authority to regulate high-cost, small-dollar loans, including payday loans. This is important because unaffordable payments and excessive costs have caused difficulties for the millions of borrowers across the U.S. who utilize these types of loans. Read More

  • Payday Loans — And How to Fix Them

    Research shows that payday loans suffer from three main problems: The loans have unaffordable payments, they fail to work as advertised, and they have excessively high prices. Read More

  • Payday Loans and Tax Time

    This infographic provides a snapshot of the impact of payday loans on borrowers. Payments are unaffordable for the budgets of most payday loan borrowers, and 1 in 6 has used a tax refund to eliminate payday loan debt. Similar to payday borrowers, 1 in 5 auto title loan borrowers reports using a tax refund to repay a title loan. Read More

Media Contact

Mark Wolff

Director, Communications

202.540.6390