The buyer Finance Protection Bureau cites numerous quotes in the measurements for the payday financing industry which range from $23.6 billion to $30 billion in brand brand brand new loans produced each year. Let’s be conservative and make use of the end that is low of range: $23.6 billion, that’s by having a money “B”illion.
To put that in viewpoint, let me reveal a sample of 2015 GDPs as reported by the World Bank: