Financial concept suggests that payday lending can either increase or decrease customer welfare. But, Chintal Desai at Virginia Commonwealth University and Gregory Elliehausen for the Federal Reserve discover that a Georgia ban on payday advances hurts locals’ ability to cover other debts. They conclude that pay day loans “do perhaps perhaps not appear, on net, […]
![](http://lln-websites.com/ja-donations/wp-content/uploads/2018/07/default-1.jpg)