© 2024 Kansas Public Radio

91.5 FM | KANU | Lawrence, Topeka, Kansas City
96.1 FM | K241AR | Lawrence (KPR2)
89.7 FM | KANH | Emporia
99.5 FM | K258BT | Manhattan
97.9 FM | K250AY | Manhattan (KPR2)
91.3 FM | KANV | Junction City, Olsburg
89.9 FM | K210CR | Atchison
90.3 FM | KANQ | Chanute

See the Coverage Map for more details

FCC On-line Public Inspection Files Sites:
KANU, KANH, KANV, KANQ

Questions about KPR's Public Inspection Files?
Contact General Manager Feloniz Lovato-Winston at fwinston@ku.edu
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Payday Loans in Kansas Can Come With 391% Interest, Critics Push for Change

Kansans took out $267 million in payday loans in 2018. Some community and religious groups want to change the rules for those loans. (Photo: Nomin Ujiyediin, Kansas News Service)
Kansans took out $267 million in payday loans in 2018. Some community and religious groups want to change the rules for those loans. (Photo: Nomin Ujiyediin, Kansas News Service)

People in Kansas took out $267 million in payday loans last year: money loaned for a short term and at very high interest rates. The loans are theoretically paid off when the borrower’s next paycheck arrives. Lenders say the loans are often the only option for people who can’t borrow from family, put expenses on a credit card, or borrow money from a bank. But critics say high interest rates on payday loans prey on people who can least afford them. Now support for tightening regulations is gaining support in Kansas. Nomin Ujiyediin of the Kansas News Service reports.


The Kansas News Service reports on the health and well-being of Kansans, their communities and civic life. (Find more at K-S-News-Service-dot-org.)

Find more details about this story here.

The Kansas News Service produces essential enterprise reporting, diving deep and connecting the dots in tracking the policies, issues and and events that affect the health of Kansans and their communities. The team is based at KCUR and collaborates with public media stations and other news outlets across Kansas. Kansas News Service stories and photos may be republished at no cost with proper attribution and a link back to kcur.org. The Kansas News Service is made possible by a group of funding organizations, led by the Kansas Health Foundation. Other founders include United Methodist Health Ministry Fund, Sunflower Foundation, REACH Healthcare Foundation and the Health Care Foundation of Greater Kansas City.