Regulation of installment loans varies widely by state
A new report from Pew Charitable Trusts finds that nearly 10 million Americans turn to consumer finance companies for short-term installment loans when they need quick cash. But just how much they pay in finance charges can add up depending on how their state regulates lenders. Here’s why some groups are calling for stricter rules […]
A new report from Pew Charitable Trusts finds that nearly 10 million Americans turn to consumer finance companies for short-term installment loans when they need quick cash. But just how much they pay in finance charges can add up depending on how their state regulates lenders. Here’s why some groups are calling for stricter rules and greater consistency nationwide.
Click the audio player above to hear the full story.
Related Topics
Latest Episodes
View All Shows
an hour ago25:22
9 hours ago7:09
14 hours ago30:57
14 hours ago12:45
6 days ago28:44
4 months ago24:33