Payday Lending in America

Payday Lending in America

Pew’s Payday Lending in America series sheds light on the experience of borrowers. The research also details fundamental problems with payday loans, and suggests how policymakers can help solve these problems.

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Issue Brief

Understanding the CFPB Proposal for Payday and Other Small Loans

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Issue Brief

The Consumer Financial Protection Bureau (CFPB) has issued a proposed framework for regulating payday and auto title loans, the first step toward precedent-setting federal rule- making to address the most harmful aspects of high-cost, small-dollar loans.

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Video

Payday Loans Explained

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Video

12 million Americans take out payday loans every year, but there are still misconceptions about how they are actually used. Follow the story of Jennifer, a typical payday loan customer, who takes out a cash advance on her paycheck to make ends meet, but ends up paying more than $500 in fees.

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Issue Brief

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

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Issue Brief

A survey of Americans

Data Visualization

State Payday Loan Regulation and Usage Rates

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Data Visualization

Use the map to see each state’s usage rate, and click individual states to read a summary of their payday lending laws.

Additional Resources

Nick Bourke
Nick Bourke
Video

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

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Video

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.

CFPB Complaint Database
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Submit a payday loan complaint.

The Consumer Financial Protection Bureau is now taking complaints about problems with payday loans.  

Submit a complaint here.
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Submit a payday loan complaint.

The Consumer Financial Protection Bureau is now taking complaints about problems with payday loans.  

Submit a complaint here.