Payday Lending: Industry Trends, Responsible Alternatives, and Policy Changes
Join us to hear about current industry trends and the evolving regulatory environment that affect both payday lenders and traditional financial institutions. Explore data-backed insights into how lenders are becoming more proficient in understanding consumer decision-making and responding to consumer needs.
Recent policy and market developments around small-dollar lending will also be discussed. Learn about some responsible alternative options, including small-dollar loans from banks and fintech providers as well as research around nonbank installment loans. Lastly, learn what policy changes have in store for payday loan laws. Understanding the current environmental changes may yield better opportunities for consumers to avoid debt traps and regain positive cash flow.
Alex Horowitz, Senior Officer, Consumer Finance Project, The Pew Charitable Trusts
Zach Tondre, Manager of Market Planning, Credit Risk Decision and Marketing, LexisNexis Risk Solutions