5 Conclusions

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5 Conclusions Overall, pooled cross-state regressions and within-state regressions law that is examining show a remarkable quantity of contract. Both suggest the next conclusions about payday lending legislation: cost caps are usually strictly binding, size caps have a tendency to be less binding, and prohibitions on simultaneous borrowing may actually have effect that is little just how much lent. Minimal term restrictions affect loan size, but term that is maximum usually do not. Delinquency appears absolutely linked to greater cost caps. Rollover prohibitions and cooling-off durations, in addition to to raised cost caps, seem to reduce steadily the regularity of […]