Consumer Borrowing after Cash Advance Bans

Consumer Borrowing after Cash Advance Bans Federal Reserve Board Stanford Law Class Abstract High-interest payday loans have proliferated in the last few years; therefore have efforts to too control them. Yet just exactly how borrowers react to regulations that are such mostly unknown. Drawing on both administrative and survey information, we exploit variation in payday-lending… Seguir leyendo Consumer Borrowing after Cash Advance Bans