. Payday credit is priced per dollar borrowed, so when that option is available, depositors prone to small overdrafts switch … at banks and other depository institutions increases when depositors have access to payday credit. Our findings … illuminate competition and pricing frictions in the large, yet largely unstudied, small-dollar loan market. -- Payday credit …

. Payday credit is priced per dollar borrowed, so when that option is available, depositors prone to small overdrafts switch … at banks and other depository institutions increases when depositors have access to payday credit. Our findings …

Fintechs are believed to help expand credit access to underserved consumers without taking on additional risk. We …-practice minimum NPL ratio, the excess NPL ratio, and a statistical noise, the former two of which reflect the lender's inherent credit … are driven by inherent credit risk, rather than lending inefficiency. Smaller banks are less efficient. In addition, as of …

. The first is the best-practice minimum ratio that a lender could achieve if it were fully efficient at credit …) and the minimum ratio that gauges the lender’s relative proficiency at credit analysis and loan monitoring. The third is … inherent credit risk, and the highest lending efficiency, indicating that their high ratio of nonperformance is driven by …