Industry Research
Through research, FiSCA and its members are able to educate the public
(legislators, regulators, opinion elites etc.) about the vital role
financial service centers play in communities throughout the
country.
Over the past few years, researchers have shown an increasing level
of interest in the Financial Service Centers industry which has resulted
in more industry-specific, independent research than ever
before.
In addition, FiSCA has commissioned its own studies which include
customer satisfaction surveys which validate why millions of consumers
visit our members’ stores each year.
A repository of industry related research is available in this
section.
The Cost of Providing Payday Loans in a U.S. Multi-line
Operator Environment
Ernst & Young, September 2009
In order to address unsubstantiated claims
regarding the cost of small, short-term loans, also known as payday
advance (PDA) loans, Financial Service Centers of America, Inc. (FiSCA)
engaged the firm of Ernst & Young LLP to perform an economic survey
analysis of the cost to provide consumers with this form of credit
through stores that offer many other financial products as well (also
known as multi-line operators). The data obtained through this
nationwide survey of FiSCA members clearly illustrates that payday loans
are priced fairly and equitably for consumers seeking small dollar loans
to address unexpected financial shortfalls.
Read press release here.
Restricting Consumer Credit Access: Household Survey
Evidence on Effects Around the Oregon Rate Cap*
By Jonathan Zinman
Click here for
more information
Expanding Credit Access: Using Randomized Supply Decisions To
Estimate The Impacts
By Dean Karlan, Jonathan Zinman
Click here for more information
An Experimental Analysis Of The Demand For Payday
Loans
By Bart J. Wilson, David W. Findlay, James W. Meehan, Jr., Charissa P.
Wellford, Karl Schurter
Click here for more information
Payday Lenders: Heroes or Villains?
By Adair Morse
Click here for more information
Payday Lending: Do The Costs Justify The Price?
By Mark Flannery, Katherine Samolyk
Click here for more information
Hidden Consumer Loans: An Analysis Of Implicit Interest Rates On
Bounced Checks
By Marc Anthony Fusaro
Click here for more information
GAO Report: BANK FEES: Federal Banking Regulators Could Better
Ensure That Consumers Have Required Disclosure Documents Prior to
Opening Checking or Savings Accounts
GAO study issued January 2008 (GAO-08-281)
Click here for more information (PDF)
Payday Holiday: How Households Fair after Payday Credit
Bans
By Donald P. Morgan and Michael R. Strain (staff report from
the Federal Reserve Bank of New York)
Click here for more information (PDF)
Serving the Financial Needs of Low-income Consumers
By James R. Wells, Jr.
Click here for more information (PDF)
Payday Lending: Do Outrageous Prices Necessarily Mean Outrageous
Profits?
By Aaron Huckstep, Fordham University School of Law
Click here for more information
Give Credit Where Credit Is Due
Increasing Access to Affordable Mainstream Credit Using
Alternative Data
By Michael A. Turner, Alyssa Stewart Lee, Ann Schnare, Robin Varghese,
and Patrick D. Walker
Click here for more information
Payday Lending and Public Policy: What Elected Officials
Should Know
By Tom Lehman, Ph.D., Associate Professor of Economics Indiana Wesleyan
University
Defining and Detecting Predatory Lending
By Donald P. Morgan and Samuel G. Hanson (staff report from the Federal
Reserve Bank of New York)
Financial Empowerment for the Unbanked and Underbanked
Consumer: “Crossing the Red Line”
By Rickie C. Keyes, PhD, MPH
Enabling Families to Weather Emergencies and Develop:
The Role of Assets
Signe-Mary McKernan and Caroline Ratcliffe, The Urban Institute
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