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These outcomes highlight the state-dependent nature of this outcomes of high-cost credit

These outcomes highlight the state-dependent nature of this outcomes of high-cost credit

Some studies that are useful “Do State Regulations Affect Payday Lender Concentration?” Bartha, James R; et al. Journal of Economics and company .

Abstract: “Ten states in addition to District of Columbia prohibit cash advance shops, and 31 other states have imposed regulatory restraints on the operations, which range from restrictions on costs and loan quantities towards the amount of rollovers and renewals permitted a borrower. Because of the need for payday loan providers to significant sections of this populace while the variation that is wide state regulatory regimes, our paper examines the degree to that your concentration of payday loan providers in counties through the nation relates to the regulatory environment along with to different monetary and demographic facets. The analysis is dependent on an original dataset that is obtained straight from each state’s appropriate regulatory authority.”