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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

“Live Checks” AFSA Letter to the Editor of American Banker

January 3rd, 2019|Comments Off on “Live Checks” AFSA Letter to the Editor of American Banker

A recent letter-to-the-editor of American Banker by AFSA's Bill Himpler dealt with the issue of so-called "live checks" otherwise known, more accurately, as loans-by-mail: January 2, 2019 Robert Blackwell Editor-in-Chief American Banker SourceMedia LLC [...]

Financially Literate Customers are Good Customers

December 19th, 2018|Comments Off on Financially Literate Customers are Good Customers

NILA members have applauded the recent announcement that U.S. Senators Maggie Hassan, D-N.H., Kirsten Gillibrand, D-N.Y., and Doug Jones, D-Ala., have introduced legislation to establish a competitive grant program at the U.S. Department of Education [...]

Straight Talk from an Installment Lender (Part 3)

November 20th, 2018|Comments Off on Straight Talk from an Installment Lender (Part 3)

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 3: IT’S THE PRODUCT NOT THE [...]

Financially Literate Customers are Good Customers https://t.co/bRBrYXrjcn #financiallliteracy #installmentloans

A solution in search of a problem? “Live Checks” AFSA Letter to the Editor of American Banker https://t.co/X2teQKqDBZ #loansbymail

Rep. Luetkemeyer Introduces Bill to End Operation Choke Point https://t.co/YC1DIdyhq7 via @mikecanvasbusin

A reminder of the key points from Pew's recent #installmentlending study:
https://t.co/UNCyb57bJF

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