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

Explainer
ECONOMY & BUSINESS
POLITICS & POLICY
TAXES,MONEY & GOVERNMENT
TRANSPORTATION
8 min read
55 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 ...

Delivering unbiased coverage of statehouse news

Access the most important stories about politics, policy and leadership in your state government and get the full picture to think for yourself.

get started

In-depth state government reporting

Explaining the people and the policies behind decisions coming from your State Capitol and state agencies.

Stories that impact your life

Investigating fraud, waste, and abuse in education, healthcare, crime, infrastructure and other major areas.

Independent journalism

Delivering fact-based, nonpartisan news and opinion from all sides of the story.