Exactly exactly exactly How pay day loan regulation impacts debtor behavior

Exactly exactly exactly How pay day loan regulation impacts debtor behavior

Twelve million individuals into the U.S. borrow from payday loan providers yearly. With original information from an on-line payday lender, Justin Tobias and Kevin Mumford utilized a novel technique to observe cash advance legislation impacts debtor behavior.

“No one had looked over the result of cash advance policy and legislation after all. No one had been looking at the specific policies that states can play with and their possible impacts on borrowers,” claims Mumford, assistant teacher of economics. Daha fazla oku “Exactly exactly exactly How pay day loan regulation impacts debtor behavior”