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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

Understanding Traditional Installment Lending (Study Reviews)

April 4th, 2023|Comments Off on Understanding Traditional Installment Lending (Study Reviews)

Reviewing Four Important Public Studies Promoting understanding of Traditional Installment Lending and the forces that shape its social, regulatory, and political environment, is NILA’s number one job. Only through understanding the nuances of lending [...]

AFSA Concerned About CFPB

March 23rd, 2023|Comments Off on 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)

March 15th, 2023|Comments Off on 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 [...]

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