CONSUMER Installment Loans LAW CENTER A NEW WAVE OF ...
installment loan laws are consistent with these fed-eral requirements, but inconsistent state provisions are preempted by the federal law. Another federal restriction relevant to these summa-ries relates to wage assignments. The FTC’s Credit Practices Rule, 16 C.F.R. § 444.2(a)(3), prohibits wage assignments unless they are revocable or apply ................
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