Stopping the Payday Loan Trap: Alternatives that Work, Ones that don’t

This report, created and published by the National Consumer Law Center, discusses the various characteristics that alternatives to payday loans must possess. It also takes a close look at the current alternatives available and how they compare to payday loans. Additionally, the report contains a history of the often called-for 36% maximum APR on small loans, and a discussion of their overall utility.