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

The BCFP/CFPB and Installment Lending

September 21st, 2018|Comments Off on The BCFP/CFPB and Installment Lending

PART 2: INVESTIGATIONS AND THE “PAYDAY RULE”  Soon after the CFPB was established, its examination of areas it considered sources of concern in financial services resulted in official investigations, with some sources claiming that [...]

Operation Choke Point

September 5th, 2018|Comments Off on Operation Choke Point

The now notorious Justice Department initiative known as Operation Choke Point, began in 2013, reportedly after a long and involved meeting at the White House. It is seen by many as an attempt by [...]

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 [...]

The BCFP/CFPB and Installment Lending

July 11th, 2018|Comments Off on The BCFP/CFPB and Installment Lending

PART 1: ESTABLISHING THE CFPB  The establishment of the Consumer Financial Protection Bureau (CFPB) in 2010 meant that traditional installment lenders, among other groups, had to rapidly raise their game in terms of interaction [...]