Concentration of Payday Lending Associated with Neighborhood Crime Rates Study Finds

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To: NATIONAL EDITORS

Contact: Emily Cain, The George Washington University, +1-202- 994-3087, eecain@gwu.edu; or Carmen Ramos Chandler, California State University, Northridge, +1-818-677-2130, carmen.chandler@csun.edu

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Concentration of Payday Lending Associated with Neighborhood Crime Rates Study Finds

Recommends Congress Cap Payday Lender Interest Rates at 36 Percent

WASHINGTON, Nov. 3 /PRNewswire-USNewswire/ -- As Congress debates financial regulatory reform and the Obama Administration advocates for greater consumer financial protection, a new study finds a need for Congressional action on fringe banking...

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