Miyerkules, Enero 27, 2021

Illinois rate cap bill would impact auto lending

The bill, which would cap the interest rate charged on installment loans below $40,000 at 36 percent, illustrates the tightrope regulators and government bodies walk in crafting rules that expand credit access for high-risk populations without burying those borrowers under insurmountable debt.



from Section Page News - Automotive News https://ift.tt/3cdLVvG via Falls Church auto repair

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