"Eliciting Wisconsinites’ Payday Lending Reform Preferences" - Dr. Melody Harvey
Household Finance Seminar Series
Event Details
Date
Monday, December 2, 2024
Time
1:15-2:15 p.m.
Location
1199 Nancy Nicholas Hall
Description
Since 2022, Wisconsin payday lenders have charged annual percentage rates (APR)
exceeding 800% for payday loans, well above the national average of 391%. In
response during the 2023-24 Legislative Session, Wisconsin state legislators proposed
two different bills that would reduce payday loan interest rates. We exploit Wisconsin’s dually proposed bills in a survey experiment to elicit Wisconsin residents’ preferences for payday lending
reform.
exceeding 800% for payday loans, well above the national average of 391%. In
response during the 2023-24 Legislative Session, Wisconsin state legislators proposed
two different bills that would reduce payday loan interest rates. We exploit Wisconsin’s dually proposed bills in a survey experiment to elicit Wisconsin residents’ preferences for payday lending
reform.
Cost
Free