Payday lenders across America charge exorbitant rates, capturing borrowers in debt traps
The map below shows the average interest rates that payday lenders charge for a $300 1-month loan.
14 states and DC have introduced restrictive rules that have either outlawed or effectively outlawed payday lenders. These regions are gray. 2021
Jeremy Ney @AmericanInequality
Center for Responsible Lending
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