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“Personal installment loans are often a critical lifeline for borrowers with limited credit options, allowing them to pay for unexpected expenses or to consolidate debts.”

- Assistant Attorney General Bill Baer, Justice Department Antitrust Division (2015)

“In both rich and poor countries alike, credit institutions have favored the rich and in so doing, have pronounced a death sentence on the poor… "

- Muhammad Yunus, Banker to the Poor (1999)

“We recognize the need for emergency credit. At the same time, it is important that these products actually help consumers, rather than harm them.”

-Richard Cordray, CFPB, Birmingham, AL (Jan 2013)

“Payday borrowers strongly support requiring the loans to have affordable installment payments.”

- Pew Charitable Trusts

More on Educating the Media

March 9th, 2018|Comments Off on More on Educating the Media

A week after we posted our previous post on the challenges facing installment lenders stemming from the media’s failure to differentiate between types of small dollar loans, a rash of stories appeared which characterized [...]

Educating the Media on Installment Loans

February 28th, 2018|Comments Off on Educating the Media on Installment Loans

A recent story in the Wall Street Journal, which detailed decisions at the Consumer Financial Protection Bureau (CFPB) to review its rule for payday lenders and call off its investigation into a NILA member [...]

The CFPB has Pushed its Last Envelope 

January 29th, 2018|Comments Off on The CFPB has Pushed its Last Envelope 

Last week an opinion piece appeared in the Wall Street Journal written by the Acting Director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney. The piece, entitled The CFPB has Pushed its Last Envelope, [...]

From paying down debts to investing in yourself, take a look at some constructive ways to spend your tax return. https://t.co/pJj8ajtaqW

AFSA CEO Chris Stinebert says @AFSA_DC had its best year ever in 2017. AFSA is working to keep its members more informed then ever, especially in this era of rapidly changing technology. #AFSAmtgs

Vince Rice kicking things off today with some interesting history about debt. #AFSAmtgs

Financially healthy customers use more products, pay fewer fees, and are significantly more profitable than financially unhealthy customers. Join the shift from the #FinServ business to the #FinHealth business. https://t.co/VGF0CKY74W

More on the importance of differentiating between consumer loan types in the press and the consequences when you don't.... https://t.co/LIetvd0epJ

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