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Nov 24, 2016 EXPLAINING THE GROWTH OF THE PAYDAY LENDING INDUSTRY. Concern about payday lending stems in large part from its rapid growth beginning in the 1990s. Payday lending has grown from $10 billion in 2001 to nearly $30 billion in 2012 (Wolkowitz, 2014). Three key changes explain this growth 

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Aug 20, 2016 Recent reports suggest that the payday loan industry could soon get a big overhaul. As we know that the industry is full of lenders who lend short term loans and charge hefty interest rates just to keep borrowers falling deeper into an endless cycle of vicious debt.