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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

Annual Meeting, Washington DC (September 17-19, 2019)

August 16th, 2019|Comments Off on Annual Meeting, Washington DC (September 17-19, 2019)

NILA's Annual Meeting is a month away. It will take place at the W Hotel,with a kick-off reception at  5.30 pm on Tuesday September 17. A full day's agenda will take place with guest [...]

USPS and Small Dollar Loans?

July 15th, 2019|Comments Off on USPS and Small Dollar Loans?

Another aspect of the Senator Sanders/Representative Ocasio-Cortez Bill (see recent post) that rings alarm bells for all those interested in sound public policy, is its inclusion of yet another plan to move the U.S. Postal [...]

More on APR Caps as Bad Public Policy

June 26th, 2019|Comments Off on More on APR Caps as Bad Public Policy

Following up from our recent post on APR caps, showcasing the American Financial Services Association’s position on caps as a tool for regulating small-dollar loans, we have another article on the subject in The [...]

AFSA has been advocating for changes in the Military Lending Act for years.

Our CEO Bill Himpler made the case in @thehill today for servicemembers to use GAP Insurance.

Read more → https://t.co/j6CvrCGaQ0

Recently proposed Wisconsin AB 364 would require retailers to accept cash payments #cashless https://t.co/KKaDNzN3x0

AFSA's websites are currently down, we are working with our vendor to restore service:

AFSA laid out some problematic areas in the FTC's proposed Safeguards Rule. Read more | https://t.co/eXSgMJYXyf

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