The pooled regressions found that minimal loan terms affect loan size, and also the results that are law-change that.
The pooled regressions found that minimal loan terms affect loan size, and also the results that are law-change that. Just one state changed its laws and regulations regarding minimum or optimum loan term: Virginia raised its minimal loan term from 1 week to 2 times the length of the debtor’s pay period. Presuming a pay …