17
Sep

Impact of City Ordinances on Payday Loan Lending

Payday Loan City Ordinance Impact

What impact do payday loan city ordinances have on payday loan store-fronts, commercial property owners, employees, payday loan borrowers and ancillary businesses?

City bureaucrats weep:Local ordinances restricting access to small dollar credit do not restrict usage but drive consumers to other forms of credit.”
Tim Ranney, President of Clarity Services.

I would add, specifically to the Internet! Jer Trihouse

Clarity-Services-1

Change in online and storefront payday loan usage before and after city ordinance passed

City ordinances drive borrowers to the Internet

Change in online and storefront payday loan usage before and after city ordinance passed

Data Set:

  • 750 million consumer inquiries
  • 100 million storefront records
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