State Anti-Abuse Laws Do Their Job – Without Federal Help – Advocacy Group Study Claims
State and local anti-predatory lending laws are doing a good job of protecting consumers from abuse – without pushing up borrower costs or restricting credit access, according to a new study by the North Carolina-based Center for Responsible Lending. Industry groups have long argued that the need to comply with a patchwork of state and local laws pushes up costs and results in a shortage of credit as some risky but deserving borrowers are…