January 1954
Law & Contemporary Problems;Winter1954, Vol. 19 Issue 1, p4
Academic Journal
The article focuses on the progress and problems in regulation of consumer credit in the U.S. It also talks about subsequent developments in the same general field. Consumer credit particularly in the periods from 1916-1940 and 1940-1953 is talked about. The country faced several problems due to legitimate consumer lending including elimination of illegal high-rate lender and loan shark problem. Loan shark is said to be a modern, specialized problem of usury which has acquired grave proportion after the industrial revolution.


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