Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jul 18, 2021

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Payday loans are a highly contested form of consumer lending.

Advocate groups fight to protect them while consumer groups work to limit or eliminate them completely. Currently, 12 states have laws that either ban payday loans or have strict lending laws which make them unprofitable in the state.

In order to simplify the information, Loans.org compiled a United States map to show the geographical regions with the most regulation. In addition, this infographic provides some history into several states’ legislation and delivers some fun facts about the industry.

For instance, did you know that New York is considered one of the toughest states on payday loan laws, and certain usury charges can carry a maximum sentence of 15 years? Compare this with North Carolina’s Senate Bill 89 which is working to re-instate payday loans in the state.

For a full list of statewide payday lending rules, please visit our interactive map and research page.

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