American and Indigenous Studies Program, Computer Science Program, Economics Program, Human Rights Program, OSUN, and Sociology Program Present

Following the Money: What Data Tell Us about the Big Business of Predatory Lending and How to Protect Consumers

In the U.S., many lower-income families rely on high-cost loans like payday loans to make ends meet. These loans can be detrimental families’ economic well-being and remain controversial in policy circles. Yet, payday lending scarcely existed thirty years ago. How did payday lending become a multi-billion-dollar industry, and what can be done to protect consumers? To answer these questions, Dr. Bea draws on a range of data sources, including lending companies’ financial documents, state legislative records, and geographic data on payday lender locations. In weaving together these diverse data sources, her work reveals how financing from big banks in a context of limited regulation facilitated the industry’s rapid growth and points to new policy avenues for fostering a more equitable and inclusive financial system.

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For more information, call 845-758-6822, or e-mail [email protected].

Time: 5:30 pm – 7:00 pm EDT/GMT-4

Location: Reem-Kayden Center Laszlo Z. Bito '60 Auditorium

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