Financial concept suggests that payday lending can either increase or decrease customer welfare.

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,… Continue reading Financial concept suggests that payday lending can either increase or decrease customer welfare.