We find you to definitely pay day-credit bans dont slow down the number of individuals who take out solution economic attributes (AFS) financing Even when far fewer some body take-out payday loans adopting the prohibitions, you to definitely prevention is actually offset because of the an increase in how many consumers exactly who use regarding pawnshops. I plus document you to definitely payday loan prohibitions are regarding the an enthusiastic escalation in unconscious closures out of consumers' checking account, a...

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