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Installment Loans: Will States Safeguard Borrowers from an innovative new Wave of Predatory Lending?

Installment Loans: Will States Safeguard Borrowers from an innovative new Wave of Predatory Lending?

This National customer Law Center study analyzes the skills and gaps associated with statutes in 50 states and Washington, D.C. That regulate installment loans, an industry this is certainly anticipated to grow as restrictions on pay day loans enhance.

Posted: 2015, National Consumer Law Center july

Key Recommendations Download Maps, Charts, & Tables (PDF) (also B/W variation) down load Appendices (PDF)
Appendix A (Full APR tables for 6-month $500 loan)
Appendix B (Comprehensive APR tables for 2-year $2000 loan)
Appendix C (Summaries of state closed-end installment loan statutes)
Appendix D (Summaries of state open-end credit statutes)
Appendix E (Unconscionability conditions of state closed-end
installment loan rules) pr release

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