Megan Bea and Kallista Bley, “(Un) conditional consumer protections in high‐cost lending regulation: impacts on local lending geographies”

Regulation of small-dollar lending in the United States is heterogeneous, leaving open the question about what policy designs work best for protecting consumers. We compare the effectiveness of regulations that include a consumer eligibility component and regulations that apply to all consumers, centering our analyses on communities with disproportionate exposure to high-interest lending storefronts.