State Payday Loan Laws

Somehow, payday loans are still somewhat divisive in our country. Attitudes toward the industry vary significantly between states. While some feel strongly that the practice is immoral and abusive, others feel that lenders should be able to charge rates as they see fit. The federal government has little control over the matter, and each state […]

In 2023, payday lending is still a controversial topic in America. While many Americans find the practice of usury inhumane and distasteful, there are just as many (if not more) who feel that businesses should have free reign to do as they please. Because states have the power to regulate payday lending within their borders,

Each state government has the authority to prohibit, restrict, or ignore the industry for themselves. As a result, you’ll find 50 completely different rulesets in each state. This guide explores the Indiana payday loan laws and the history of the industry. Payday lending status in Indiana: Legal Payday lending is currently legal in Indiana. While

Payday lending is still running rampant in many parts of America. State governments have the authority to prohibit the industry within their borders, and unfortunately, many still have yet to find it necessary. Though many Americans recognize and appreciate the damage that payday lenders frequently do to their borrowers, there’s still controversy over whether the

Payday loans are still alive and well in many parts of America. Across the country, 12 million people still use them each year. Because each state government has the power to regulate the industry within their borders, there are 50 distinct rulesets that range from complete prohibition to a total lack of limitations. This guide

Because each state government has the power to create its own regulations for payday loans within its borders, each state is unique. If you’re considering borrowing from a payday lender, you need to know what the law says they can and/or can’t do in your home state. This guide will break down the Mississippi payday