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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

The Facts about APR Caps (aprfacts.org)

January 20th, 2021|Comments Off on The Facts about APR Caps (aprfacts.org)

One of the biggest challenges for traditional installment lenders in speaking to policymakers about industry regulation is explaining the nature of Annual Percentage Rates (APR). Price caps that use APR for measuring the supposed [...]

Study Review: Preserving and Expanding Consumer Access to Credit (Mercatus)

December 23rd, 2020|Comments Off on Study Review: Preserving and Expanding Consumer Access to Credit (Mercatus)

We have chosen to include 2016 testimony before the US House Committee on Financial Services in our series on influential or useful studies. This is because the source (the Mercatus Center at George Mason [...]

Guest Post: The Democratic Party’s Biggest Weakness

December 11th, 2020|Comments Off on Guest Post: The Democratic Party’s Biggest Weakness

By Andrew Morrison, Sun Loan Company An excellent and provocative article by David Leonhardt in the NYT this week, looks at the gains made by Republicans among minority working class voters and identifies the [...]

Guest Post: The Importance of Financial Literacy

https://t.co/4i3mg4BQnm

Everything you needed to know about installment lending, its benefits, and how it is regulated are available on NILA's homepage https://t.co/Bmg99txgzZ

The @CatoInstitute on Postal Banking #financialservices https://t.co/qjX3Rd5bcN

Guest Post: The Democratic Party's Biggest Weakness

https://t.co/awk59ccDfK

Study Review: Preserving and Expanding Consumer Access to Credit #financialcapability #financialmobility

https://t.co/8ITrYCXgIL

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