Do Rate Caps on Payday Loans Work?

Consumer Group Releases Data Showing Savings to Consumers

Andy Spears

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Photo by Shane on Unsplash

Is it possible to offer credit-challenged consumers access to short-term credit without excessive interest rates? An Illinois consumer group says data from its state shows the answer is YES.

The Woodstock Institute — based in Chicago — released data indicating that since Illinois…

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .