California Payday Lending Activity Increased in 2014

California Payday Lending Activity Increased in 2014, DBO Report Shows

California payday lending activity in 2014 increased from the prior year, but the average size of transactions and average annual percentage rate (APR) of fees declined, according to a report released today by the Department of Business Oversight (DBO).

2014 Annual Report: Operation of Deferred Deposit Originators Licensed under the California Deferred Deposit Transaction Law