just What would assist overstretched borrowers more — a limit in the total price of their loans, or financing rules that will stop them from borrowing a great deal in the beginning? Exactly what can regulators do in order to protect clients from crippling financial obligation, without producing a predicament where regulated loan providers withdraw through the market and hopeless borrowers are driven to the hands of black colored market loan providers?
They are the questions regulators that are vexing both edges for the Atlantic, as well as in other jurisdictions too.