Predatory Installment Lending in the States: How Well Do the States Protect Consumers Against High-Cost Installment Loans? (2022)
June 28, 2022Forty-five states and the District of Columbia (DC) currently cap interest rates and loan fees for at least some consumer installment loans, depending on the size of the loan. However, the caps vary greatly from state to state, and a few states do not cap interest rates at all.
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Consumer Credit Regulation
Innovative thinking and precise authority on predatory lending and other consumer credit, including the latest payday and installment loans.
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