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Some states have placed an interest rate ceiling or other restrictions on some forms of consumer lending such as payday loans or title loans. What
Some states have placed an interest rate ceiling or other restrictions on some forms of consumer lending such as payday loans or title loans. What impact do these regulations have on the marketplace? What is the motivation behind these regulations and are they effective in meeting that goal? Please provide a reference list of the sources used to answer this question in your post.
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