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)
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)
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 [...]