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The results indicated that state governments’ political ideology scores have been negatively related to this new APRs (b = -6.086017, White’s Robust S.Age. = 3.229744, p = 0.0335), carrying additional parameters constant. This is why a single-tool upsurge in state governments’ political ideology results try with the a good six.086% reduced total of the latest APRs that says make it pay day loan providers to help you charges. Given that county governments’ liberal governmental ideology ratings was indeed coded away from 0, denoting conventional county governmental ideology, to help you 100, denoting liberal county governmental ideology, thus the length involving the really conservative claims, denoted because the 0, and also the most liberal says, denoted since 100, led to a good 608.6% reduced total of the newest APRs one states ensure it is pay day loan providers so you’re able to fees.
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