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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

Bank Closures and the “Banks Step-In” Myth

September 13th, 2022|Comments Off on Bank Closures and the “Banks Step-In” Myth

A recent study by S& P global reported that bank branch closures, which set a record in 2021, are at last beginning to slow down. The study found that net branch closures fell to [...]

Update on the MoneySKILL Program

August 30th, 2022|Comments Off on Update on the MoneySKILL Program

Many NILA members support the AFSA Education Foundation’s free financial education program, MoneySKILL. This online program offers teachers, parents, nonprofits, and businesses a high-quality resource for delivering financial education. Courses can be fully customized [...]

New York Times on Military Lending

July 29th, 2022|Comments Off on New York Times on Military Lending

A woefully poor New York Times piece was the subject of a recent AFSA blog post aimed at providing some much-needed context. The article, Where Military Paychecks are Prime Targets was replete with mischaracterizations, [...]

A woeful piece by the NY Times on military lending and the industry pushback


Update on the @AFSAEducationFN MoneySKILL program #moneyskill #financialcapability #financialeducation #financialresilience https://nilaonline.org/2022/08/30/update-on-the-moneyskill-financial-education-program/

REGISTER TODAY! Don't miss @CFPB Director, @chopracfpb, at the 2022 Annual Meeting at @TheBreakers in Palm Beach, FL. http://ow.ly/M9ZG50KB9Vh

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Bank Closures and the Banks Step-In Myth #financialservices #bankclosures #financialcapability https://nilaonline.org/2022/09/13/bank-closures-and-the-banks-step-in-myth/

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