As Legislation Stalls, Consumer Advocates See Rise in Payday-Type Loan Borrowers Amid Inflation in Georgia

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ECONOMY & BUSINESS
POLITICS & POLICY
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8 min read
1525 words
Beau Evans
Jul 15, 2022
The Gist While measures to clamp down on certain “payday loan” programs that charge huge, unchecked interest rates have stalled in the state legislature, soaring inflation has prompted more Georgians to take out the risky personal loans to help cover everyday costs for groceries, gas and utilities, consumer advocates say. What’s Happening Since 2020, Georgia ...

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