Information Disclosure, Cognitive Biases, and Payday Borrowing in the usa

A belief that payday loan providers prey in the economically illiterate has influenced strict legislation for the industry, however it is feasible that borrowers are completely informed in regards to the high costs connected with pay day loans and though locate them a appealing choice. Scientists supplied payday borrowers in the usa details about the genuine costs of pay day loans in order to learn whether or not they would respond by changing their need for the merchandise. Information Disclosure, Cognitive Biases, and Payday Borrowing in the usa weiterlesen