The Public Policy Challenges of Payday Lending

Sunday, April 1, 2001

Some hardworking people in North Carolina are becoming "hooked" on high-interest, short-term "payday" loans, taking them out back-to-back from the same lender or borrowing from one lender to pay off another. The author suggests four steps that policy makers, regulators, and mainstream banks could take to protect customers.

Citation: 
Stegman, Michael A. "The Public Policy Challenges of Payday Lending." Popular Government 66, no. 3 (Spring 2001): 16-22.
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