Payday Loans Explained

Payday Loans Explained

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. http://www.pewstates.org/research/featured-collections/payday-lending-in-america-85899405692.

The front facade of the Supreme Court of the United States in Washington, DC.
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Agenda for America

Resources for federal, state, and local decision-makers

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Data-driven policymaking is not just a tool for finding new solutions for emerging challenges, it makes government more effective and better able to serve the public interest.

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States of Innovation

Data-driven state policy innovations across America

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Data-driven policymaking is not just a tool for finding new solutions for difficult challenges. When states serve their traditional role as laboratories of innovation, they increase the American people’s confidence that the government they choose—no matter the size—can be effective, responsive, and in the public interest.

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Payday Loans: Who Uses Them and Why?
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Payday Loans — And How to Fix Them