Safe Small Dollar Loans Research Project <p>The Safe Small Dollar Loans Research Project, a Financial Security Portfolio initiative, develops research-based policy solutions to protect Americans from risky small-dollar, short-term loans such as payday, automobile title, tax refund anticipation loans and similar financial products.  The project promotes safe and affordable alternatives to meet consumers’ immediate financial needs.</p> http://www.pewtrusts.org/news_room.aspx Media Coverage : CFPB: Payday Loans Leading to 'Revolving Door of Debt' The <em>Philadelphia Inquirer </em>published Wednesday an article about how payday loans trap borrowers in debt. The article cites both a study from the Consumer Financial Protection Bureau and a <a title="February report" href="http://www.pewtrusts.org/our_work_report_detail.aspx?id=85899452768">February report</a> by Pew's Safe Small-Dollar Loans Research Project. Wed, 24 Apr 2013 10:44:01 GMT http://www.pewtrusts.org/news_room_detail.aspx?id=85899470995&WT.rss_ev=f&WT.rss_f=The Pew Charitable Trusts - Newsroom&WT.rss_a=CFPB: Payday Loans Leading to 'Revolving Door of Debt'&WT.z_contenttype=NewsArticle Report : How Borrowers Choose and Repay Payday Loans For someone in need of quick cash, a payday loan can look like a way to avoid asking loved ones for help or getting into long-term debt. But these loans usually prove unaffordable, leaving borrowers in debt for an average of five months. Wed, 20 Feb 2013 15:35:26 GMT http://www.pewtrusts.org/our_work_report_detail.aspx?id=85899452768&WT.rss_ev=f&WT.rss_f=Safe Small Dollar Loans Research Project&WT.rss_a=How Borrowers Choose and Repay Payday Loans&WT.z_contenttype=Report Summary : Payday Loans Cost More than People Think They Do (Fall 2012 Trust Magazine Briefly Noted) A Pew survey finds that a majority of first time borrowers used payday loans for utility bills and other recurring expenses. Wed, 19 Sep 2012 13:32:53 GMT http://www.pewtrusts.org/news_room_detail.aspx?id=85899418410&WT.rss_ev=f&WT.rss_f=Safe Small Dollar Loans Research Project&WT.rss_a=Payday Loans Cost More than People Think They Do (Fall 2012 Trust Magazine Briefly Noted)&WT.z_contenttype=Summary Media Coverage : Footnote to Financial Crisis: More People Shun the Bank <p><span>The Russell family of Kirkland, Wash., makes about $230,000 with Charles Russell, 43 years old, working as a systems analyst for Microsoft Corp. According to the U.S. Census Bureau, that puts them among the top 5% of American households. </span><span>But their affluence might not be apparent based on the way Mr. Russell conducts his personal finances. He has no bank account, having dumped it due to irritation over fees and overdraft penalties. Instead, for more everyday transactions he uses a debit-card offered by NetSpend Holdings Inc. </span></p> Wed, 12 Sep 2012 10:20:00 GMT http://www.pewtrusts.org/news_room_detail.aspx?id=85899417063&WT.rss_ev=f&WT.rss_f=Safe Small Dollar Loans Research Project&WT.rss_a=Footnote to Financial Crisis: More People Shun the Bank&WT.z_contenttype=NewsArticle Media Coverage : Why to Steer Clear of Payday Loans An article in the Wall Street Journal calls attention to Pew research demonstrating that payday loans are used for repeat lending, not for temporary solutions. Thu, 02 Aug 2012 10:45:00 GMT http://www.pewtrusts.org/news_room_detail.aspx?id=85899411081&WT.rss_ev=f&WT.rss_f=Safe Small Dollar Loans Research Project&WT.rss_a=Why to Steer Clear of Payday Loans&WT.z_contenttype=NewsArticle Media Coverage : Editorial: Payday Profits A New York Times editorial cites new Pew research on payday loan policy in arguing against proposed legislation on payday lending. Mon, 30 Jul 2012 10:50:00 GMT http://www.pewtrusts.org/news_room_detail.aspx?id=85899411082&WT.rss_ev=f&WT.rss_f=Safe Small Dollar Loans Research Project&WT.rss_a=Editorial: Payday Profits&WT.z_contenttype=NewsArticle Report : Payday Lending in America: Who Borrows, Where They Borrow, and Why This report—the first in Pew’s Payday Lending in America series—answers major questions about who borrowers are demographically; how people borrow; how much they spend; why they use payday loans; what other options they have; and whether state regulations reduce borrowing or simply drive borrowers online. Wed, 18 Jul 2012 16:00:00 GMT http://www.pewtrusts.org/our_work_report_detail.aspx?id=85899406010&WT.rss_ev=f&WT.rss_f=Safe Small Dollar Loans Research Project&WT.rss_a=Payday Lending in America: Who Borrows, Where They Borrow, and Why&WT.z_contenttype=Report Press Release : Nationwide Pew Survey Challenges Conventional Wisdom on Payday Loans The Pew Charitable Trusts establishes a new understanding of borrowers and their needs in a new report: Payday Lending in America: Who Borrows, Where They Borrow, and Why. Wed, 18 Jul 2012 16:00:00 GMT http://www.pewtrusts.org/news_room_detail.aspx?id=85899405996&WT.rss_ev=f&WT.rss_f=Safe Small Dollar Loans Research Project&WT.rss_a=Nationwide Pew Survey Challenges Conventional Wisdom on Payday Loans&WT.z_contenttype=PressRelease Report : Regulatory Comment: Financial Habits and Patterns of Low- and Moderate-Income Households <p>The Pew Health Group’s Financial Security Portfolio responds to the U.S. Department of Treasury’s request for comment, published at FR 2011-23235, on the Office of Financial Education and Financial Access potential financial access activities.</p> Tue, 22 Nov 2011 16:05:00 GMT http://www.pewtrusts.org/our_work_report_detail.aspx?id=85899366818&WT.rss_ev=f&WT.rss_f=Safe Small Dollar Loans Research Project&WT.rss_a=Regulatory Comment: Financial Habits and Patterns of Low- and Moderate-Income Households&WT.z_contenttype=Report Terms and Conditions Terms and Conditions Page http://www.pewtrusts.org/terms_and_conditions.aspx