New York State has one of the nation’s toughest bans on payday lending, which involves small loans that come with high interest rates. But the ban hasn’t stopped online lenders from operating in the Empire State. Is this online usury, or a case of the market connecting consumers with few options to a service they need?
City Limits uses investigative journalism through the prism of New York City to identify urban problems, examine their causes, explore solutions, and equip communities to take action.
Founded in 1976 in the midst of New York’s fiscal crisis, City Limits exists to inform democracy and equip citizens to create a more just city. The organization is a 501(c)(3) nonprofit funded by foundation support, ad sponsorship and donations from readers.
Support local, investigative journalism that has informed and empowered New Yorkers for 45 years.
Support local, investigative journalism that has informed and empowered New Yorkers for 45 years.
