New York Fed: 'Less for You, More for Me: Credit Reallocation and Rationing Under Usury Limits'
December 23, 2025
December 23, 2025
NEW YORK, Dec. 23 (TNSLrpt) -- The Federal Reserve Bank of New York issued the following staff report (No. 1173) in December 2025 by Rajashri Chakrabarti, Daniel Garcia, Donald P. Morgan, and Lee Seltzer entitled "Less for You, More for Me: Credit Reallocation and Rationing Under Usury Limits."
Here are excerpts:
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Many states have capped consumer loan interest rates to protect households from high-cost lenders. Using triple-difference and eve . . .
Here are excerpts:
* * *
Many states have capped consumer loan interest rates to protect households from high-cost lenders. Using triple-difference and eve . . .