Promising during the early 1990s, the amount of payday lenders in the us expanded to over 10,000 by 12 months 2000
Tuesday, February 15th, 2022Discover, e.g., Huckstep, supra note 17, at 231 (a€?High income for payday lenders . . . is likely to be extra myth than truth.a€?); Webster, IV, supra mention 21, at 1085 (arguing that a€?payday lenders aren’t very lucrative organizationsa€?).
See, e.g., Flannery & Samolyk, supra mention 24, at 21 (a€?[T]he a€?high’ APRs suggested by payday loans fees are rationalized because of the repaired bills of maintaining sites open therefore the fairly large default loss suffered on these financing.a€?). (more…)
