EconomicUnited States·Unpinned18 Oct 2026
Report finds 10 million Americans use payday loan apps with extra fees
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A report from the Center for Responsible Lending’s Julian Bond Institute found that 10 million Americans used earned wage access or on-demand pay apps as of 2024 to bridge financial gaps for necessities like food and rent. While these tools do not charge interest, the analysis revealed that 96% of these services included fees or tips, resulting in an…
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