This Article argues that banks, which face both regulatory and public pressures to maintain good practices, should be "invited" to take over the industry. Banks can not only offer lower interest rates than payday lenders, but they can also place limitations on the use of payday loans that discourage repeat borrowing without sacrificing the convenience that attracts customers to payday loans.
"Payday Lending: Can "Reputable" Banks End Cycles of Debt?,"
University of San Francisco Law Review: Vol. 42:
3, Article 3.
Available at: https://repository.usfca.edu/usflawreview/vol42/iss3/3