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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

Black Caucus Condemns Debt Settlement Companies

January 17th, 2020|Comments Off on Black Caucus Condemns Debt Settlement Companies

Our piece on The Scourge of Debt Settlement Companies, warning of the dangers to borrowers of companies that  propose to settle debts for less than borrowers owe, but actually cause immense harm to those [...]

NPR Confused by APR

December 18th, 2019|Comments Off on NPR Confused by APR

A recent story on National Public Radio (NPR) on the prospects of enacting Federal APR caps on consumer loans, focused quite rightly on challenges associated with balloon-payment payday and title loans (A Ban on [...]

AFSA President Warns of APR Bill’s Unintended Consequences

November 26th, 2019|Comments Off on AFSA President Warns of APR Bill’s Unintended Consequences

In a recent piece in the Military Times, American Financial Services Association (AFSA) President Bill Himpler warns of the unintended consequences of new federal legislation that would impose a Military Lending Act-style APR cap [...]

. @CarrieSchwab on how financial literacy is "a powerful tool for social justice that can arm people of all economic backgrounds with the knowledge, skill, and training they need to thrive in an increasingly complicated and competitive world." ⚖️


AFSA’s Dan Bucherer can make (almost) anyone sound good. He does fine work. https://t.co/FLiHdw6xCp

New York Governor Andrew Cuomo sees a problem but not the solution. Read more to learn about his consumer credit vision: https://t.co/McI6JobSig

Debt Settlement Companies condemned in @NBCSLNews resolution https://t.co/gPSYYplq0D

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