Payday Lending's Steep Cost Isn't Just in Fees

Kubrin, Charis E.; Squires, Gregory D.
December 2009
American Banker;12/16/2009, Vol. 174 Issue 223, p4
Trade Publication
The authors offer opinions on so-called payday lending operations, which make small loans to consumers without banking services. Payday lending services are criticized as predatory lenders. Research is cited to indicate that neighborhoods in which payday lending centers operate are subject to an inordinate number of social problems.


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