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5 Conclusions

5 Conclusions

Overall, pooled cross-state regressions and within-state regressions law that is examining reveal an extraordinary number of contract. Both recommend listed here conclusions about payday lending regulation: cost caps are generally strictly binding, size caps have a tendency to be less binding, and prohibitions on simultaneous borrowing seem to have effect that is little the quantity lent. Minimal term limitations affect loan size, but term that is maximum usually do not. Delinquency appears favorably pertaining to greater cost caps.Read More