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@davidshor @SYSPlayer @jimmygandhi @AOC Oops, I misread. Though some other papers I've read show unintended consequences from payday loan bans. https://t.co/Gg5Es5o9OQ https://t.co/szgmzqpKQ8
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RT @keds_economist: These researchers looked at what happened in the wake of payday loan bans, and they saw an increase in pawnbroker licen…
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These researchers looked at what happened in the wake of payday loan bans, and they saw an increase in pawnbroker licensees. 19/ https://t.co/vPCaTExo2m
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@nickconfessore The old rule had very little research behind it. Why aren't you guys this tough on democrats? Report these papers: https://t.co/Gg5Es5o9OQ https://t.co/khPaHv9wWb
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@GunnelsWarren This is just reductionist campaign rhetoric. Rate caps squeeze useful credit, push inferior forms of borrowing, have poor empirical performance, and are hated more by non-customers https://t.co/Ngz4qWqHSU https://t.co/VaccKG8PQ5 https://t
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@RobRandhava @greg_doucette Your sarcasm hides a lack of understanding. The results are pretty clear that poor people demand credit and will get it from other outlets at high interest rates despite left-wing paternalism https://t.co/DWYrzpkRCQ
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@MarcMcD @jeff_miller74 @RBReich Of course, however, if the market becomes unprofitable then there will be no loans and borrowers will switch to other means: https://t.co/gaLBTqyg1r
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RT @MattGrossmann: Ohio Payday-loan ban opened county markets to alternative providers: increased small-loan outfits by 156%, second-mortga…
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RT @MattGrossmann: Ohio Payday-loan ban opened county markets to alternative providers: increased small-loan outfits by 156%, second-mortga…
308 followers
RT @MattGrossmann: Ohio Payday-loan ban opened county markets to alternative providers: increased small-loan outfits by 156%, second-mortga…
32,762 followers
Ohio Payday-loan ban opened county markets to alternative providers: increased small-loan outfits by 156%, second-mortgage providers by 43%, & pawnbrokers by 97% #SocSciResearch https://t.co/g2KZ725dwV
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If you consider payday loans predatory, banning them just pushes people into other markets you probably also consider predatory. #IBEcon Payday-loan bans: evidence of indirect effects on supply | SpringerLink https://t.co/ZFcxYlvDsc