Working Paper

“No-Interest” Advertising in High-Interest Loan Market

Yufeng Huang, Yukun Liu, Bowen Luo and Xi Wu

Dec 31, 2025

Analyzes how ads touting “no interest” drive adoption and use of cash advance apps, potentially misleading even experienced consumers.

By using MSI.org you agree to our use of cookies as identifiers and for other features of the site as described in our Privacy Policy.