Working Paper
Borrow Now, Complain Later: Payday Lending Laws and Spillovers Across Consumer Finance
Abstract: Prohibiting payday lending can reduce complaints to the Consumer Financial Protection Bureau by 90 percent.
JEL Classification: G21; G28; G51; D14; D18; K23;
https://doi.org/10.18651/RWP2026-14
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Bibliographic Information
Provider: Federal Reserve Bank of Kansas City
Part of Series: Research Working Paper
Publication Date: 2026-10-13
Number: 26-14