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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

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 [...]

City of Debtors, a Century of Fringe Finance by Anne Fleming (Review) https://t.co/0eXhmJ5Laq #consumerfinance

AFSA Challenges New #Nevada #Credit Provision https://t.co/X1IefwYZMQ

FAQs on safe and affordable installment loans, their nature and their regulatory environment #consumerfinance #lending https://t.co/SjRPpWgwG4

AFSA President Bill Himpler lays out the legislative and regulatory environment for members cc ⁦@AFSA_DC⁩

For over a century AFSA member companies have offered products that help engineer the American economy, but we need to adapt. -Josh Joshson, AFSA Chairman of the Board #AFSAmtgs

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