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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

Number of Unbanked Fell in 2021 (FDIC)

December 2nd, 2022|Comments Off on Number of Unbanked Fell in 2021 (FDIC)

The Federal Deposit Insurance Corporation (FDIC) recently released its 2021 Annual Survey of unbanked and underbanked households. The survey  shows an estimated 4.5% of U.S. households (approximately 5.9 million) were “unbanked” in 2021, meaning [...]

Inventing Loan Categories Makes for Damaging Policies

November 2nd, 2022|Comments Off on Inventing Loan Categories Makes for Damaging Policies

A recent study released by the Center for Responsible Lending (CRL) is the latest in a long series apparently aimed at eliminating non-bank credit in our nation. This one is different to those that [...]

Bank Closures and the “Banks Step-In” Myth

September 13th, 2022|Comments Off on Bank Closures and the “Banks Step-In” Myth

A recent study by S& P global reported that bank branch closures, which set a record in 2021, are at last beginning to slow down. The study found that net branch closures fell to [...]

Number of #unbanked fell in 2021, says @FDICgov


Inventing loan categories can lead to disastrous policies


Disrupting The Status Quo: Learn How AI & Machine Learning are Creating Unprecedented Efficiencies in Auto Finance, 11/17 @ 2pm. Learn how AI & machine learning can change this, creating a win-win scenario for buyers, sellers, & banks by @Wolters_Kluwer. http://ow.ly/mvhV50LxWtv

"For all that you did, for all we could not do, thank you." AFSA remembers and honors the men and women who have defended us and our freedom, both here at home and abroad. #veteransday

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