The pooled regressions found that minimal loan terms affect loan size, therefore the results that are law-change that.
March 30th,
2021
2021
Just one state changed its legislation regarding minimum or optimum loan term: Virginia raised its minimal loan term from 1 week to 2 times the length of the borrower’s pay period. Presuming a pay that is standard of fourteen days, this raises the effective restriction by about 21 days. Read the rest of this entry »
