dining dining Table 1: data on payday advances from CFPB (2020)

APR Loan Size Duration (days) charges per $100 suggest Median suggest Median suggest 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 enable 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 remove payday financing into the state” (frequently 36 %); and (3) the rest of the, averagely restrictive states.