This research challenges the entrenched belief that financial vulnerability affects only low-
income consumers. Instead, most consumers across the socioeconomic spectrum …

Banks have financially supported payday lenders for decades. In this article I qualitatively
demonstrate how these financial relationships have reinforced and expanded a bifurcated …

This research used the theory of planned behavior as a framework to investigate the role of
attitudes, behavioral control, norms, and previous behavior in payday loan borrowers' …

Payday loans are disproportionately used by African Americans and women including single
mothers. Little empirical research exists incorporating data from payday loan employees …

Scholarship on the geography of US retail financial services consistently finds racialized
patterns in the locations of traditional (eg banks, credit unions) and higher-cost or alternative …

Abstract On March 23, 2021, Illinois imposed an all-in rate cap of 36% APR. We use credit
bureau data for Illinois and its neighboring state, Missouri, a state without any legislated …

Behind the debt trap concept is the rationale that payday loans exacerbate consumers'
financial vulnerability. To investigate this relationship, we propose a Mixed Poisson Hidden …

Abstract The 2007 Military Lending Act attempted to ban high‐interest loans to US military
members and the 2017 “Final Rule” further restricted access, causing regional shocks in …

Economic theory predicts that a binding interest-rate cap decreases credit availability for
high-risk borrowers. On March 23, 2021, Illinois imposed an all-in interest-rate cap of 36 …

We study the relationship between financial well-being and sexual orientation in the United
States using Survey of Household Economics and Decisionmaking (SHED) data for 2019 …