TITLE

THE FUTURE OF THE LOAN SHARK AND CONSUMER CREDIT AGENCIES

AUTHOR(S)
HENDERSON, LEON
PUB. DATE
January 1954
SOURCE
Law & Contemporary Problems;Winter1954, Vol. 19 Issue 1, p127
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
In this article the author talks about the future of the loan sharking and consumer credit agencies in the U.S. He talks about the efforts of the Russell Sage Foundation in recognizing the abuses suffered from loan sharks by wage earners and salary earners. The law provides for a system of licensed lending at a fair price to meet the emergency needs of the consumers who do not have any other means of financing. He concludes that in the future legislative efforts are needed for making small loans law uniform and viable for discount companies.
ACCESSION #
59220002

 

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