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In South Korea, for example, national officials placed a cap on the interest rates of a range of consumer loans.
The central bank has turned to unconventional tools — like its recent decision to start buying government debt — to pull down interest rates on a range of consumer loans.
The second basic reform to be considered is a Consumer Protection Finance Agency to protect consumers from getting gouged or defrauded by lenders on the whole range of consumer loans -- mortgages, car loans, payday lending, credit cards.
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For consumers, huge new internet marketplaces have upended industries ranging from taxis (Uber) to hotels (Airbnb) and even some types of consumer loans (LendingClub).
Eligibility of consumer loans and finance company paper.
§ 201.104 Eligibility of consumer loans and finance company paper.
Both House and Senate bills include a new consumer agency that would oversee all types of consumer loans, including credit cards, payday loans and mortgages.
The delinquency rate on home equity loans is higher than all other types of consumer loans, including auto loans, boat loans, personal loans and even bank cards like Visa and MasterCard, according to the American Bankers Association.
Good judgment counts, for example, in assessing the riskiness of consumer loans.
The mass production of consumer loans isn't like the mass production of consumer goods.
12 CFR § 201.104 - Eligibility of consumer loans and finance company paper.
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