Read, e.g., Huckstep, supra mention 17, at 231 (a€?High profits for payday loan providers . . . can be even more misconception than truth.a€?); Webster, IV, supra notice 21, at 1085 (arguing that a€?payday loan providers commonly extremely lucrative organizationsa€?).
Discover, e.g., Flannery & Samolyk, supra mention 24, at 21 (a€?[T]he a€?high’ APRs implied by payday loan costs is generally rationalized because of the fixed prices of keeping shops available plus the relatively highest default losses suffered on these loans.a€?).
Discover Webster, IV, supra notice 21, at 1084; cf. CFPB light papers, supra mention 8, at 9 (stating an average cost is actually fifteen dollars per hundred-dollar mortgage).