National Consumer Law Center: 2023 Update - Some States Tighten Rules Against High-Cost Installment Loans
November 22, 2023
November 22, 2023
WASHINGTON, Nov. 22 (TNSres) -- The National Consumer Law Center issued the following news release:
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Others Increase Interest Rates and Allow Junk Fees to Pile On
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Caps on interest rates and junk fees are the primary vehicle by which states protect consumers from predatory lending. The latest 50-state survey from the National Consumer Law Center finds that some states have cracked down on evasions but others are allowing lenders to pi . . .
* * *
Others Increase Interest Rates and Allow Junk Fees to Pile On
* * *
Caps on interest rates and junk fees are the primary vehicle by which states protect consumers from predatory lending. The latest 50-state survey from the National Consumer Law Center finds that some states have cracked down on evasions but others are allowing lenders to pi . . .