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Payday Lenders Looking to Rebound

Blair Reeves |

California payday lenders experienced a sharp decline in lenders and borrowers during the pandemic in 2020, despite the initial unemployment and unemployment rates.

The Financial Protection and Innovation Division (DFPI) reported a 40% reduction in payday loans in 2020. 2020 Annual Report on Payday Loan Activities..

In a press release, Christopher S. Schultz’s Deputy Commissioner of DFPI believed that payday loans declined during the pandemic for a number of reasons, including factors such as stimulus checks, loan deferments, and increased alternative lending options. Has been done. ” ..

Payday Lenders Looking to Rebound Source link Payday Lenders Looking to Rebound

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