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Conclusion<br />
As we have identified throughout the State <strong>of</strong><br />
Lending series, more work needs to be done.<br />
Consumer credit has the power to change household<br />
budgets and balance sheets as well as to affect<br />
the health <strong>of</strong> communities and the national economy.<br />
Loans allow borrowers to take the first step<br />
down a new path for themselves and their family.<br />
<strong>The</strong> loans’ terms and conditions pr<strong>of</strong>oundly affect<br />
the direction <strong>of</strong> that path and whether it will bring<br />
them closer to or further away from their goals.<br />
Regulations that protect consumers at this critical<br />
juncture are and will continue to be important for<br />
borrowers, communities, and our country.<br />
Loans allow borrowers to take<br />
the first step down a new path<br />
for themselves and their family.<br />
<strong>The</strong> loans’ terms and conditions<br />
pr<strong>of</strong>oundly affect the direction <strong>of</strong><br />
that path and whether it will bring<br />
them closer to or further away<br />
from their goals.<br />
34<br />
<strong>The</strong> State <strong>of</strong> Lending in America & its Impact on U.S. Households
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