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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

New Installment Lending Frequently Asked Questions!

July 26th, 2018|Comments Off on New Installment Lending Frequently Asked Questions!

We recently developed some Frequently Asked Questions for use in furthering our mission of improving understanding of the nature and value of traditional installment loans. You will see a new  button on the homepage, [...]

Supporting Kathleen Kraninger for the BCFP

July 24th, 2018|Comments Off on Supporting Kathleen Kraninger for the BCFP

Today NILA submitted a letter to the Chairman and Ranking Member of the US Senate Banking, Housing and Urban Affairs Committee, supporting the nomination of  Kathleen Kraninger for the position of Director of the [...]

Straight Talk from an Installment Lender (Part 2)

July 17th, 2018|Comments Off on Straight Talk from an Installment Lender (Part 2)

In this four-part series, Andrew Morrison, a NILA member from Sun Loan Company, deliberates on wrong-footed policymaking, unintended consequences and the importance of safe, affordable small-dollar credit….. PART 2: IT’S STRUCTURE THAT MATTERS, NOT [...]

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