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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

New Mexico Must Expand Access to Credit (The Paper)

November 29th, 2021|Comments Off on New Mexico Must Expand Access to Credit (The Paper)

A recent opinion piece in The Paper, Albuquerque’s independent print and digital news source, spoke to the challenges arising from the COVID 19 pandemic for underserved individuals, families and businesses in New Mexico and [...]

Shared Principles for an Inclusive Financial System (World Economic Forum)

November 9th, 2021|Comments Off on Shared Principles for an Inclusive Financial System (World Economic Forum)

An August White Paper from the World Economic Forum (WEF) caught our eye recently, for the recommendations it contained on how to build inclusive financial systems. The paper, Shared Principles for and Inclusive Financial [...]

Industry Letter to New CFPB Director Underscores the Importance of Credit Access

October 15th, 2021|0 Comments

The new head of the Consumer Financial Protection Bureau, Rohit Chopra, was sworn into office on Tuesday (October 12, 2021). Our colleagues at the American Financial Services Association (AFSA), took the opportunity to send [...]

New Mexico opinion piece on need for small dollar lending in underserved communities #financialinclusion #financialcapability

https://nilaonline.org/2021/11/29/new-mexico-must-expand-access-to-credit-the-paper/

A discussion of the recent @wef whitepaper on "Shared Principles for an Inclusive Financial System" #financialinclusion #financialcapability
https://nilaonline.org/2021/11/09/shared-principles-for-an-inclusive-financial-system-wef/

.@AFSA_SGA's November White Paper covers consumer privacy legislation and provides background on the CCPA's history and amendments since its enactment. Read the paper now: http://ow.ly/lubZ50GKG9u

Industry letter to new CFPB Director underscores the importance of credit access #consumercredit #cfpb https://nilaonline.org/2021/10/15/industry-letter-to-new-cfpb-director-underscores-the-importance-of-credit-access/

Get the latest on credit reporting at the 2021 Annual Meeting! Our panel will share thoughts on the strengths and weaknesses of the credit reporting system, and how to make it more understandable and responsive. Sponx by @hudsoncookllp. Register now! http://Annual.afsaonline.org

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