Payday-loan bans: proof of indirect impacts on supply

  • blogicon1Posted By: vivi
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  • blogicon1January 5, 2021

Payday-loan bans: proof of indirect impacts on supply Abstract Ohio enacted the Short-Term Loan Law which imposed a 28% APR on payday advances, efficiently banning the industry. Utilizing certification records, we examine if you will find alterations in the supply part for the pawnbroker, precious-metals, small-loan, and lending that is second-mortgage during periods once the ban is beneficial. Apparently unrelated regression outcomes reveal the ban escalates the average county-level running small-loan, second-mortgage, and pawnbroker licensees...