Payday-loan bans: proof of indirect results on supply

Payday-loan bans: proof of indirect results on supply Abstract Ohio enacted the Short-Term Loan Law which imposed a 28% APR on payday advances, effectively banning the industry. Making use of certification records, we examine if you can find alterations in the supply part associated with the pawnbroker, precious-metals, small-loan, and second-mortgage financing companies during durations…

Read More