payday lender

British  

noun

1. a person or group that offers short-term loans, in advance of payday, at high rates of interest

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Other Word Forms

• payday loan noun

Example Sentences

The CFPB's response unit, created to enforce consumer complaints against their banks, assists people "with their financial institution, with a bank, with a payday lender, with a mortgage company, with a car finance company," Rheingold said.

From Salon

So, as you rightly point out, when the payday lender’s lawyer is saying, throw it all out, remember, one of the briefs that was filed, amicus briefs, is from the mortgage bankers and the homebuilders who said, whoa, whoa, whoa.

From Slate

For instance, borrowing $400 over three months from a payday lender typically costs $360 in fees, while banks are charging $24 or less for a loan of the same amount, Pew said.

From New York Times

The companies operate in a legal gray area that allows them to function much like a payday lender but without the consumer-protection rules that govern those businesses.

From Los Angeles Times

Keeping people indebted is, of course, the ideal outcome for the payday lender.

From New York Times