Fight Erupts Over Georgia University's Study of Payday Loans
Wednesday, June 24th, 2015
A battle has erupted over a Georgia university professor's study of payday lending.
Last December, Kennesaw State University released a study of how consumers respond to protracted use of payday loans— the short-term, high-interest loans that many critics contend harm low-income borrowers. The study, by KSU data scientist Jennifer Priestley, cast doubt on claims by critics that extended refinancing of payday loans is harmful to consumers’ financial welfare.
