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The National Consumer Law Center recommends that states include anti-evasion provisions in lending laws to prevent lenders from laundering loans through out-of-state banks to bypass state rate caps or disguising loans as sales or 'earned wage' payments.
Authors
Sources
- Predatory Installment Lending in the States: How Well Do ... - NCLC www.nclc.org via serper
Referenced by nodes (1)
- National Consumer Law Center entity