2 Payday Lending and State Regulation

2 Payday Lending and State Regulation Payday lending is widespread. FDIC (2013) estimates that 4.7% of most U.S. households have at a while utilized lending that is payday while Pew Charitable Trusts (2012) sets the figure at 5.5percent of U.S. grownups. In 2005, payday storefronts outnumbered McDonald’s and Starbucks areas combined (Graves and Peterson, 2008). …

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