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Reinvestment Alert 14: Unregulated Payday Lending Pulls Vulnerable Consumers Into Spiraling Debt

Marti Wiles and Dan Immergluck    alert.pdf

 

This report provides a new analysis of the payday
lending industry and its customers.  Using data obtained from the
Illinois Department of Financial Institutions (DFI) and various other
sources, it finds major faults in the key defenses that the industry
has used against stronger consumer regulation.
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