Restriction of Consumer Credit

Archive Report


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Richard M. Boeckel, Editor

Proposals to Curb Instalment Selling

In A special message to Congress July 30 urging enactment of price control legislation, President Roosevelt said that such legislation should include authority “to deal more extensively with excesses in the field of instalment credit.” Leon Henderson, head of the Office of Price Administration and Civilian Supply, has several times noted the desirability of imposing curbs on instalment selling. However, the Emergency Price Control bill introduced in Congress on August 1 contained no reference to consumer credit. It was reported at ...

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