explicit permission provided that full credit, including © notice, is given to the source. Any opinions expressed are those of the author and not those of the Joint Center for Housing Studies of Harvard For centuries, legislated caps on loan interest rates (rate ceilings) have been advocated as a form of consumer protection in otherwise free market economies. More recently, restrictions on creditor collection practices and loan contract features have been added to the regulators ’ list of tools for protecting consumers from abusive lenders and loans. Exactly why consumers requir
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