Consumer Borrowing after Cash Advance Bans

Consumer Borrowing after Cash Advance Bans

Federal Reserve Board

Stanford Law Class

Abstract

High-interest payday loans have actually proliferated in the past few years; therefore too have efforts to manage them. Yet exactly how borrowers react to such laws stays mainly unknown. Drawing on both administrative and study information, we exploit variation in payday-lending legislation to review the result of pay day loan limitations on customer borrowing. “Consumer Borrowing after Cash Advance Bans” の続きを読む