Another kind of non-bank SDLs includes automobile title loans
Dining dining Table 1: data on pay day loans from CFPB (2020)
| APR | Loan Size | Duration (days) | costs per $100 | ||||
| suggest | Median | Mean | Median | Mean | Median | suggest | Median |
| 339% | 322% | $392 | $350 | 18.3 | 14 | $15 | $14.40 |
A study that is separate Pew (2012) further examines cash advance terms by distinguishing between (1) the 28 “permissive states” that allow costs which range from $15 to $20 per $100 loaned; (2) the 14 “restrictive states” that either prohibit payday lending or impose price caps “low enough to get rid of payday financing within the state” (frequently 36 per cent); and (3) the rest of the, averagely restrictive states.Read More »Another kind of non-bank SDLs includes automobile title loans