Payday lenders provide short-term, high-cost loans that lead to chronic borrowing by low- and moderate-income Californians. The CBP has developed a new set of resources on payday lending that include:

• Payday Lending: Taking the Pay Out of Payday, a new CBP chartbook that examines how payday loans work, who uses payday loans, why Californians use payday loans, alternatives to payday loans, and much more;
  
• New CBP maps showing where payday lenders are located in each of California's 120 state legislative districts; and
  
• A CBP analysis showing that two Department of Corporations reports released earlier this year understate the number of Californians who repeatedly use payday loans.

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