States should follow New York’s lead in lowering how much interest must be paid on unpaid debt judgments.
Experts examine how regulators and lawmakers can support low-income communities.
Setting caps on interest rates can lead to unintended, negative consequences for borrowers.
Scholar argues that policymakers should reexamine usury laws and introduce public banking to combat payday lending.
Replacing the primary international interest rate poses risks, but policymakers are ready for the challenge.