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A 36% Lending Cap: When Consumer Protection Means Consumer Prohibition

By May 28, 2019No Comments

A 36% rate cap is unfeasible in the short-term, small-dollar lending market. OLA CEO shares her thoughts on Forbes Finance Council.

“Forcing price controls on loans in an effort to make them more affordable is prohibition, not protection, which would exclude countless Americans from the credit markets.”

Read the full article here.