Abstract
High-interest payday loans have actually proliferated in the past few years; therefore too have efforts to manage them. Yet exactly exactly how borrowers react to regulations that are such mostly unknown. Drawing on both administrative and study information, we exploit variation in payday-lending laws and regulations to analyze the end result of pay day loan limitations on customer borrowing. Continue reading “Consumer Borrowing after Cash Advance Bans. High-interest payday loans have actually proliferated in the last few years; so too have efforts to manage them.”