Could Restrictions on Payday Lending Hurt Consumers?
The Kansas City Fed hosted a research seminar on the potential effects of payday lending restrictions. The seminar highlighted Community Affairs Senior Economist Kelly Edmiston's recent research, "Could Restrictions on Payday Lending Hurt Consumers?", which provides new empirical evidence on the potential benefits and costs to consumers.
Watch the seminar, including Edmiston's research presentation and a panel discussion with Darrin Andersen, president of QC Holdings, which offers short-term loans at more 550 locations nationally, and Josh Frank, senior researcher with the Center for Responsible Lending, which provides research and policy advice on consumer lending. You can also view slides of Edmiston's research presentation.