Will consumers actually use the information provided to them?

| November 5, 2012 | Reply

Interesting post by Jeff Sovern at the Public Citizen Law and Policy Blog. A lot of effort has gone into providing loan customers with the APR (which is somewhat different than the interest rate). But are consumers actually using/heeding that information? Sovern explains the quandary, and raises the issue of alternate approaches.

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Category: Consumer Protection

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich and his wife, Anne Jay, live in the Shaw Neighborhood of St. Louis, Missouri, where they are raising their two extraordinary daughters.

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