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Center for American Progress Center for American Progress
Issues Economy Credit & Debt

Ask the Expert: A Close Look at Payday Lending

What are payday loans and why do people use them? Who borrows from payday lenders? An why are policymakers focused on these loans in particular?

(Transcript)

For more information, see:

Report: Who Borrows from Payday Lenders?

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Print: Katie Peters (economy, education, and health care)
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Related Materials

Unburdening America’s Middle Class, by Christian E. Weller

Extending Credit to Lower-Income Americans Safely and Fairly, by Eugene Ludwig

The Payday Lending Trap, by Amanda Logan

Una Advertencia sobre los Préstamos de Día de Pago, by Raúl Arce-Contreras

A Word of Caution on Payday Loans, by Raúl Arce-Contreras

Also by Amanda Logan

Leveling the Playing Field, September 23, 2009

States Will Drag on Economic Growth and Job Recovery, September 21, 2009

Less Spending on Gas and Cars Means More Money in the Bank—For Now, August 6, 2009