This outcome supports the useful view of payday lending, however it could be due to states’ incentives in enacting legislation.

This outcome supports the useful view of payday lending, however it could be due to states’ incentives in enacting legislation. But, Chintal Desai at Virginia Commonwealth University and Gregory Elliehausen associated with Federal Reserve discover that a Georgia ban on payday advances hurts locals’ ability to pay for other debts. They conclude that payday advances...

READ MORE