Why this loan company supports caps on consumer loans

<p>The last decade has seen state legislatures across the United States grapple with the best way to regulate the growing market for personal loans made to people with less-than-perfect credit who are not candidates for a loan from a bank. The challenge for policymakers is to hit that “sweet spot,” where high-cost loans with a high probability of default are limited, while safe, affordable loans that allow borrowers the chance to build the credit history essential for financial