Zinman (2010) finds that residents of states that relocated to restrict payday advances were more prone to jump checks following the ban. Melzer and Morgan (2009) find comparable outcomes for overdraft charge earnings at banking institutions, and Morgan, Strain, and Seblani (2012) discover that payday loan bans trigger increased overdraft charge income and much more returned checks. Nevertheless, Campbell, Martinez-Jerez, and Tufano (2012) realize that a pay day loan ban in Georgia generated a decrease in involuntary checking-account closures, a result that is closely connected with bouncing a lot of checks. Continue reading →