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Archive 2018-04-10T21:15:48+00:00

Federal APR Cap Bill Concerns National Black Chamber

November 19th, 2019|0 Comments

A recent letter from the National Black Chamber of Commerce to US House Committee on Financial Services Chair, Maxine Waters (D-CA), points to the potential consequences of the imposition of a 36% Annual Percentage Rate [...]

The Scourge of “Debt Settlement” Companies

November 13th, 2019|Comments Off on The Scourge of “Debt Settlement” Companies

In recent years NILA members have had to expend significant resources on managing the influence of so-called “debt-settlement” companies (DSCs) which claim to settle, renegotiate or in some way change the terms of a [...]

AFSA Challenges New Nevada Credit Provision

October 18th, 2019|Comments Off on AFSA Challenges New Nevada Credit Provision

A new law that would effectively force lenders to break federal law in order to comply with state law, is the subject of a lawsuit filed by our colleagues at the American Financial Services [...]

Comments on CFPB Debt Collection Proposed Rule

September 20th, 2019|Comments Off on Comments on CFPB Debt Collection Proposed Rule

The National Installment Lenders Association (NILA) this week submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) on the topic of the bureau's proposed rule to amend Regulation F, 12 CFR part [...]

City of Debtors, a Century of Fringe Finance by Anne Fleming (Review)

September 12th, 2019|Comments Off on City of Debtors, a Century of Fringe Finance by Anne Fleming (Review)

A recent article by Anne Fleming, Associate Professor of Law at Georgetown University, in which she pointed out the follies of a 36% rate cap, and how such caps tended to harm those they were [...]

Addressing Little Rock’s Credit Deserts

August 29th, 2019|Comments Off on Addressing Little Rock’s Credit Deserts

Dr. Rickie Keys continues his important work looking at the impacts of a lack of access to financial services. As banks across the nation relocate their branches from low and moderate income neighborhoods to affluent ones [...]