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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 Concerned About CFPB

March 23rd, 2023|Comments Off on AFSA Concerned About CFPB

A hearing of the House Financial Services Committee’s Subcommittee on Financial Institutions and monetary policy was the venue for the American Financial Services Association (AFSA) recent testimony. AFSA CEO Bill Himpler raised serious concerns about [...]

Military Lending Act Limits Access to Credit (Study Report)

March 15th, 2023|Comments Off on Military Lending Act Limits Access to Credit (Study Report)

A recent report by the Urban Institute, finds that the 2015 expansion of the Military Lending Act (MLA) had a negative effect on certain potential borrowers through reduced access to credit. The MLA imposed [...]

The Illinois Lending Law Disaster (Study Report)

March 15th, 2023|Comments Off on The Illinois Lending Law Disaster (Study Report)

A working draft of an independent academic study of the effects of the 2021 Illinois Predatory Loan Prevention Act (PLPA),  finds that thousands of Illinois consumers no longer qualify for small dollar installment loans, leaving them [...]

Flawed Illinois Lending Law Poll generates worthless conclusions #illinoislendinglaw


Number of #unbanked fell in 2021, says @FDICgov


Inventing loan categories can lead to disastrous policies


Disrupting The Status Quo: Learn How AI & Machine Learning are Creating Unprecedented Efficiencies in Auto Finance, 11/17 @ 2pm. Learn how AI & machine learning can change this, creating a win-win scenario for buyers, sellers, & banks by @Wolters_Kluwer. http://ow.ly/mvhV50LxWtv

"For all that you did, for all we could not do, thank you." AFSA remembers and honors the men and women who have defended us and our freedom, both here at home and abroad. #veteransday

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