Predatory Installment Lending
2 Predatory Installment Lending in 2017 ©2017 National Consumer Law Center www.nclc.org For a $2000 six-month loan: 32 states and the District of Columbia (up one from 2015) now cap the APR at 36% or less, 7 states cap it at 36% to 60%, One state caps it at over 60%, 6 states have no cap other than unconscionability, and 4 states (down one from 2015) have no cap at all. ................
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