Section 6.11 References
Subsection 6.11.1 Bibliography
[97]
https://www.fdic.gov/regulations/compliance/manual/4/iv-1.1.pdf 1 , Accessed 06/06/19.
[98]
https://www.consumerfinance.gov/ask-cfpb/what-is-a-payday-loan-en-1567/ 2 , Accessed 09/04/20.
[99]
Connor, Kevin; Skomarovsky, Matthew https://public-accountability.org/wp-content/uploads/2011/09/payday-final-091410.pdf 3
[100]
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[102]
Hanks, Angela; Solomon, Danyelle; Weller, Christian https://www.americanprogress.org/issues/race/reports/2018/02/21/447051/systematic-inequality/ 6
[103]
[104]
[105]
California Department of Business Oversight https://dfpi.ca.gov/wp-content/uploads/sites/337/2019/02/The-Demographics-of-CA-Payday-Lending-A-Zip-Code-Analysis-of-Storefront-Locations.pdf 9
[106]
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Vigen, Tyler https://tylervigen.com/view_correlation?id=75 12
[109]
Munroe, Randall https://xkcd.com/552/ 13
[110]
[111]
[112]
Montezemolo, Susanna; Wolff, Sarah https://www.responsiblelending.org/payday-lending/research-analysis/finalpaydaymayday_defaults.pdf 16
[113]
Burke, Kathleen; Lanning, Jonathan; Leary, Jesse; Wang, Jialan. https://files.consumerfinance.gov/f/201403_cfpb_report_payday-lending.pdf 17
[114]
Howarth, Robin; Davis, Delvin; Wolff, Sarah https://www.responsiblelending.org/sites/default/files/nodes/files/research-publication/crl_shark_free_waters_aug2016.pdf 18
[115]
North American Industry Classification System (NAICS). https://www.naics.com/naics-code-description/?v=2017&code=522390 19 .
[116]
Center for Responsible Lending (CRL). . https://www.responsiblelending.org/payday-lending/tools-resources/2b002-payday2005.pdf 20 .
[117]
ChatGPT. https://chat.openai.com 21
Subsection 6.11.2 Image Descriptions
A bar showing credit scores categorized as Very Bad (300-599), Poor (600-649), Fair (650-699), Good (700-749), Very Good (750-799), and Excellent (800-850). Only secured loans are available for people with scores in the very bad or poor range. People with Fair or Good scores should be able to secure credit with good rates, while people with very good or excellent credit receive the best interest rates.
- A map of the United states with states shaded according to the typical payday loan rate in that state. Only states which allow predatory payday lending are labeled. Typical rates for those states are shown in the table below.
Table 6.11.1. State Typical Payday Loan APR Oregon 140% Oklahoma 424% Maine 228% Rhode Island 261% Wyoming 316% Florida 293% Iowa 247% Michigan 356% Indiana 372% Delaware 639% Kansas 391% Washington 391% South Carolina 391% Alaska 424% Alabama 456% California 460% Tennessee 460% Kentucky 450% Louisiana 410% Wisconsin 537% Mississippi 572% North Dakota 521% Missouri 652% Idaho 475% Nevada 548% Utah 543% Texas 662%
www.fdic.gov/regulations/compliance/manual/4/iv-1.1.pdfwww.consumerfinance.gov/ask-cfpb/what-is-a-payday-loan-en-1567/