Pennsylvania has some of the strongest laws in the nation protecting us from payday lenders, but the industry and their lobbyists are constantly trying to weaken them. Payday loans strip wealth from low-income communities and create a cycle of impoverishment as low-income borrowers try to meet the high interest rates and unfair terms. Not only do we have to provide education and alternatives to these borrowers, but mobilize our communities when the payday lending industry begins to influence Harrisburg. PCRG is happy to provide our members with ideas and support, and welcome you to use the materials below.
For more information and any questions regarding payday lending, please contact Chris Sandvig, Director of Policy, at firstname.lastname@example.org.
Payday lending summary
NCLC best practices guide for small dollar loans
Payday Loans Fact Sheet from Phew Charitable Trusts
A very good and thorough analysis/comment on a CFPB RFI on payday loans
Infographic from the CFPB
CFPB white paper on payday lending