FOR IMMEDIATE LAUNCH: 5, 2017 september
Report: Tennessee Opens the Door to Welcome Predatory High-Cost Installment Loans
NCLC’s 50 State Survey Finds Tennessee Lost Major Ground since 2015; Now among the Worst within the country in Protecting its Citizens from Predatory Loans
Updated analysis regarding the legislation of 50 states and Washington, D.C., plus maps, maps, tables, and also the complete listing of suggestions, strategies for customers, and an online interactive map and table sortable by state or loan quantity can be obtained at: http: //bit.ly/2vRZkEf.
NASHVILLE, TN – the battle to rein in predatory installment loan regulations into the 50 states plus the District of Columbia has lead to significant losings in Tennessee but in addition some gains various other states for customers over the past couple of years, relating to an updated analysis because of the nationwide customer Law Center (NCLC).
“In state after state, high-cost loan providers have looked for to damage state rules that protect consumers from high-cost installment loans by non-banks, ” said Carolyn Carter, deputy manager during the nationwide customer Law Center and co-author of Predatory Installment Lending in 2017: States Battle to Restrain loans that are high-Cost. 继续阅读“Report: Tennessee Opens Door to Welcome Predatory High-Cost Installment Loans”