Research & Surveys

New Federal Reserve Report Finds Millions Of Americans Struggle To Cover Unexpected Expenses

The Federal Reserve this week released a new report on the economic well-being of U.S. households in 2017. The report highlights that even with improved financial conditions over the past five years, 40 percent of Americans either could not cover or would struggle to cover an unexpected expense of $400. ...

Read More

New Survey: Borrowers Are FAR More Favorable Toward Payday Loans than Voters Without Experience

Washington, D.C. – New survey research released today by premier polling firms Global Strategy Group (D) and the Tarrance Group (R) ...

Read More

The Outcomes for Consumers of Differing Approaches to the Regulation of Small Dollar Lending

Policis, a London based think-tank focused on evidencebased policy making, explores the research questions of whether or not regulators achieve ...

Read More

Economic Impact on Small Lenders of the Payday Lending Rules under Consideration by the CFPB

This study includes an evaluation of the impact on the payday lending supply of credit, associated revenues and the profitability of larger storefront ...

Read More

Evaluating CFPB Simulations of the Impact of Proposed Rules on Storefront Payday Lending

This paper evaluates the CFPB’s simulation findings, using a different, larger dataset than that chosen by the CFPB, a dataset that also includes debt service and ...

Read More

Payday Loan Borrower and Voter Surveys Methodology

The research illustrates voters and borrowers view payday loans and their regulation very differently....

Read More

New York Fed: Reframing the Debate About Payday Lending

A New York Federal Reserve official and three distinguished academics examined the objective research to see if the criticisms of payday loans by those who do not use the product, including many law professors, consumer advocates, journalists and policymakers, are justified. The author’s review of the academic materials shows many “elements of the payday lending critique…don’t hold up under scrutiny and the weight of evidence.” ...

Read More

Assessing the Optimism of Payday Loan Borrowers

A 2013 study by Professor Ronald Mann of Columbia Law School found that most payday loan consumers were able to pinpoint exactly how long it would take for them to pay off their loan. In fact, contrary to the “cycle of debt” rhetoric that many critics employ, just as many borrowers paid off their debt sooner than expected as did later than expected. ...

Read More