Payday advances are of specific policy import since they’re a controversial economic product, outlawed in a lot of states and tightly controlled in a number of other people.

Payday advances are of specific policy import since they're a controversial economic product, outlawed in a lot of states and tightly controlled in a number of other people. No matter what the merits of payday lending, a decline in loan volume due to Medicaid is just a policy outcome that is positive. These loans will be severely limited under brand…

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