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Payday loan providers have embraced installment loans to evade regulations – however they might be a whole lot worse

Payday loan providers have embraced installment loans to evade regulations – however they might be a whole lot worse

Writers

Professor of Law, Vanderbilt University

Ph.D. Scholar in Law and Economics, Vanderbilt University

Disclosure statement

The writers usually do not benefit, consult, very own shares in or get capital from any organization or organisation that will reap the benefits of this informative article, and also have disclosed no appropriate affiliations beyond their educational visit.

Installment loans look like a kinder, gentler form of their “predatory” relative, the cash advance. But also for customers, they might be a lot more harmful.