Abstract

The Consumer Front
Brindze, Ruth | April 1, 1936 issue

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According to the author, that usurious rates are charged for the privilege of making "easy payments" is pretty generally known, and that even the government in its 5 per cent FHA plan permits interest charges of 9.7 per cent is no secret. Installment buying is again increasing, and both committee and commission have proposed remedial legislation. The commission bill would require the licensing of retail finance companies and their operation under direct supervision of the banking department. The trade press rants about the injustice of permitting each state to levy a licensing fee upon nationally advertised products.

See Also:

FINANCIAL institutions; FINANCIAL services industry; JUSTICE; PRESS; INSTALLMENT plan; LEGISLATION; SALES, Conditional
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