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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

COVID-19 Resources for Borrowers

May 12th, 2020|Comments Off on COVID-19 Resources for Borrowers

TOP US GOVERNMENT WEBSITES Visit these federal government websites for current information about the coronavirus (COVID-19) and how to take steps to protect yourself and your family: Latest Official Information (Coronavirus Task Force) Frequently [...]

Borrower Assistance During the Pandemic

May 5th, 2020|Comments Off on Borrower Assistance During the Pandemic

NILA members understand that we serve a section of society that has been particularly hard-hit by the economic consequences of public policy aimed at managing the COVID-19 pandemic. Many of those we serve have [...]

New Mexico’s Harmful COVID-19 Policy (PART 2)

April 13th, 2020|Comments Off on New Mexico’s Harmful COVID-19 Policy (PART 2)

As things stand, NILA members in New Mexico are in receipt of the Financial Institutions Division’s Public Health Emergency Order, dated April 6, 2020, and are moving rapidly to comply. They have begun closing their [...]

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New post: #COVID19 Resources for Borrowers
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Borrower assistance during the #Pandemic #coronavirus #consumerfinance
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Outstanding resources which will be of benefit to all @nilaonline members #coronavirus #installmentlending https://t.co/IIURs27rAl

What Installment Lenders are doing to assist hard-hit borrowers during the #COVID-19 Pandemic https://t.co/4z4u1Qcjh4

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