CFPB Report Shows Payday Borrowers Stuck in “Revolving Door of Debt”
Business, CFPB, Consumer Protection, Payday Lending
Devine, Lauren-Kelly, "CFPB Report Shows Payday Borrowers Stuck in “Revolving Door of Debt”" (2014). The Regulatory Review - Analysis. 489.
Recent agency study reveals most consumers re-borrow within two weeks of their first payday loan.