Consumer Debt & Credit

Research and analysis on consumer debt, consumers’ access to and use of a variety of credit products, and policies and regulations that impact access to affordable credit.

Testimony | May 2008
Assessing the Impact of Payday Lending De-Authorization
Ohio Senate Finance Comittee
Kim Manturuk
Research conducted in North Carolina show most residents did not miss payday lending after it was de-authorized in the state and that the vast majority (nine out of 10) feel payday lending is bad.

Published Article – Peer Reviewed | Winter 2007
Payday Lending
Journal of Economic Perspectives
Michael A. Stegman
Michael Stegman examines the impact of and policy issues arising from the proliferation of payday lenders, who charge 400-1000 percent APR for short-term loans.

Research Report | November 2007
North Carolina Consumers After Payday Lending: Attitudes and Experiences with Credit Options
Kim Manturuk, Janneke Ratcliffe

Published Article – Peer Reviewed | September 2005
Welfare, Work and Banking: The Use of Consumer Credit by Current and Former TANF Recipients in Charlotte, North Carolina
Journal of Urban Affairs
Michael A. Stegman, Robert Faris
Researchers analyze banking and credit behavior of current and recent welfare recipients in Charlotte, N.C., and recommend that TANF programs address banking and credit issues.

Published Article – Peer Reviewed | February 2003
Payday Lending: A Business Model that Encourages Chronic Borrowing
Economic Development Quarterly
Michael A. Stegman, Robert Faris
Researchers examine the explosive growth of payday lending as a source of short-term consumer credit in low-income communities and the high incidence of perpetual indebtedness of payday borrowers.

Published Article | Spring 2001
The Public Policy Challenges of Payday Lending
Popular Government
Michael A. Stegman
North Carolina policymakers and regulators should take three actions to protect consumers from payday lenders.

Book | January 2001
Too Much Month at the End of the Paycheck: Payday Lending in North Carolina
Community Reinvestment Association of NC, UNC Center for Community Capital
Lenders, borrowers and community advocates share personal stories of payday lending; researchers recommend policy changes for North Carolina to protect consumers.

The UNC Center for Community Capital conducts research and policy analysis on ways to make financial services work better for more people and communities.


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