CEI to CFPB: No Rate Caps on Small Dollar Loans
A recent blog post by Iain Murray at the Competitive Enterprise Institute acknowledges rising concerns that the new leadership at the Consumer Financial Protection Bureau (CFPB) might renew attempts to impose a price cap [...]
The Facts about APR Caps (aprfacts.org)
One of the biggest challenges for traditional installment lenders in speaking to policymakers about industry regulation is explaining the nature of Annual Percentage Rates (APR). Price caps that use APR for measuring the supposed [...]
Study Review: Preserving and Expanding Consumer Access to Credit (Mercatus)
We have chosen to include 2016 testimony before the US House Committee on Financial Services in our series on influential or useful studies. This is because the source (the Mercatus Center at George Mason [...]