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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 Calls out Center for Responsible Lending for “Rigged Poll”

February 25th, 2020|Comments Off on AFSA Calls out Center for Responsible Lending for “Rigged Poll”

A recent opinion piece in The Hill by the American Financial Services Association’s (AFSA) Bill Himpler, called out the Center for Responsible Lending (CRL) for the release of a poll that purported to show [...]

Black Caucus Condemns Debt Settlement Companies

January 17th, 2020|Comments Off on Black Caucus Condemns Debt Settlement Companies

Our piece on The Scourge of Debt Settlement Companies, warning of the dangers to borrowers of companies that  propose to settle debts for less than borrowers owe, but actually cause immense harm to those [...]

NPR Confused by APR

December 18th, 2019|Comments Off on NPR Confused by APR

A recent story on National Public Radio (NPR) on the prospects of enacting Federal APR caps on consumer loans, focused quite rightly on challenges associated with balloon-payment payday and title loans (A Ban on [...]

We're looking forward to @AFSA_DC's Vehicle Finance Conference in Las Vegas this week! 🚙💨 We'll be sharing more about MoneySKILL throughout the week (esp. the 3 sections on vehicle financing and ownership). #AFSAmtgs #AFSAExpo #MoneySKILLMatters

. @CarrieSchwab on how financial literacy is "a powerful tool for social justice that can arm people of all economic backgrounds with the knowledge, skill, and training they need to thrive in an increasingly complicated and competitive world." ⚖️


AFSA’s Dan Bucherer can make (almost) anyone sound good. He does fine work. https://t.co/FLiHdw6xCp

New York Governor Andrew Cuomo sees a problem but not the solution. Read more to learn about his consumer credit vision: https://t.co/McI6JobSig

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