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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

Senators Brand Postal Banking Experiment Potentially Unlawful

December 21st, 2021|Comments Off on Senators Brand Postal Banking Experiment Potentially Unlawful

A pilot program that would allow the United States Postal Service (USPS) to provide certain financial services has come under fire from a group of 20 US Senators who believe the program “exceeds the [...]

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 [...]

AFSA filed an amicus brief with the MO Supreme Court regarding the enforceability of arbitration provisions in loan agreements. Read it: http://ow.ly/Klyo50GjxSt #loan

Extra Credit Podcast: Managing Risk Under the Umbrella of Uncertainty. Listen to @LexisNexisRisk experts discuss the uncertain risk environment in which we are operating and their great tips for managing risk while reaching your target audience. http://afsaonline.libsyn.com/episode-30-manging-risk-under-the-umbrella-of-uncertainty

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/

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/

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