Get the Facts: Research & Reports

Many prominent researchers have examined the payday advance industry. To help broaden public knowledge of the industry, CFSA has compiled findings from a number of independent research organizations. In this section, you will find data on many aspects of the payday advance industry, including market demand, customer demographics, and comparisons between the payday advance service and other market alternatives.

Questions about data presented at this site can be directed to CFSA at cfsa@multistate.com, or the independent research firm that conducted the study.

Latest Research Study or Report

Study on Interest Rates of Overdraft Protection/ Bounced Check Loans Finds Median Implicit Interest Rate is 4,547% APR

Federal Reserve Bank of New York Staff Report Finds Consumers Fare Worse under Payday Loan Bans

Survey by University of North Carolina Finds Consumers Face Costly Short-term Credit Choices Since Payday Loans Exited the State

Research Findings by Topic

Customer Demand, Demographics and Satisfaction

Payday Advance Industry

Short-term Credit and Military Personnel

Payday Advance Market Alternatives