Payday Loans and Consumer Financial Health

@inproceedings{Bhutta2013PaydayLA,
  title={Payday Loans and Consumer Financial Health},
  author={N. Bhutta},
  year={2013}
}
The annualized interest rate for a payday loan often exceeds 10 times that of a typical credit card, yet this market grew immensely in the 1990s and 2000s, elevating concerns about the risk payday loans pose to consumers and whether payday lenders target minority neighborhoods. This paper employs individual credit record data, and Census data on payday lender store locations, to assess these concerns. Taking advantage of several state law changes since 2006 and, following previous work, within… Expand
69 Citations
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