At a Crossroads: Finding a Path to Affordable Small-Dollar Lending in Texas
Why Texas’ Small-Dollar Lending Market Matters
This e-Perspectives article, written by Ann Baddour of Texas Appleseed, describes the reasons behind the emergence of the payday lending industry in Texas and how banks and other for-profit and nonprofit organizations are working to create lower-cost options that address the growing frustration among those who advocate against the payday and auto title industry's lending practices. Read more »
Weighing the Costs of Payday Lending Restrictions
The Dallas Fed talks with Kelly D. Edmiston, a senior economist at the Federal Reserve Bank of Kansas City, about his journal article titled “Could Restrictions on Payday Lending Hurt Consumers?” In the article, Edmiston examines payday lending and provides new empirical evidence on how lending restrictions in the industry affect consumers. Read more » |