Twelve million individuals into the U.S. borrow from payday loan providers yearly. With exclusive information from an online payday loan provider, Justin Tobias and Kevin Mumford utilized a novel technique to observe pay day loan legislation impacts debtor behavior.
вЂњNo one had looked over the end result of pay day loan policy and legislation after all. No one had been taking a look at the specific policies that states can play with and their prospective effects on borrowers,вЂќ states Mumford, assistant teacher of economics. Continue reading