Payday Loans — And How to Fix Them

Navigate to:

Payday Loans — And How to Fix Them

We've embedded content from YouTube here. As YouTube may collect personal data and track your viewing behaviour, we'll only load the video after you consent to their use of cookies and similar technologies as described in their privacy policy.

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.

But the Consumer Financial Protection Bureau (CFPB) and state policymakers have an opportunity to fix these harms and make small loans safer and more affordable.

Jennifer, a typical payday loan customer, has already helped explain payday loans, who uses them, and why. In this video, learn how new rules can give borrowers such as Jennifer an affordable and predictable path out of debt. 

edits

We've embedded content from YouTube here. As YouTube may collect personal data and track your viewing behaviour, we'll only load the video after you consent to their use of cookies and similar technologies as described in their privacy policy.

Payday Loans Explained
payday loans 1

We've embedded content from YouTube here. As YouTube may collect personal data and track your viewing behaviour, we'll only load the video after you consent to their use of cookies and similar technologies as described in their privacy policy.

Payday Loans: Who Uses Them and Why?