Skip to main content

FACT SHEET: Private Equity-Owned Payday Lenders Profit Off Trapping People in Debt

January 4, 2022

Private equity has pushed into the high-priced consumer loan industry, offering payday and other consumer loans that profit off trapping borrowers in a cycle of debt. Private equity firms own over 5,000 storefront payday and online lenders that often make loans at 300% annual percentage rates (APR) and higher.