Among subprime borrowers and state-licensed lenders targeted by the pilot, 18-month default rates improved by 6 to 7 percentage points, relative to the unconditional default rate of 27%.

Authors

• Person: Not available Organization: Usha Krisna
  New study estimates the effect of predatory-lending law

Sources

• New study estimates the effect of predatory-lending law www.ushakrisna.com Usha Krisna via serper

Referenced by nodes (1)

• pilot program concept