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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

Comments on CFPB Debt Collection Proposed Rule

September 20th, 2019|Comments Off on Comments on CFPB Debt Collection Proposed Rule

The National Installment Lenders Association (NILA) this week submitted a comment letter to the Consumer Financial Protection Bureau (CFPB) on the topic of the bureau's proposed rule to amend Regulation F, 12 CFR part [...]

City of Debtors, a Century of Fringe Finance by Anne Fleming (Review)

September 12th, 2019|Comments Off on City of Debtors, a Century of Fringe Finance by Anne Fleming (Review)

A recent article by Anne Fleming, Associate Professor of Law at Georgetown University, in which she pointed out the follies of a 36% rate cap, and how such caps tended to harm those they were [...]

Addressing Little Rock’s Credit Deserts

August 29th, 2019|Comments Off on Addressing Little Rock’s Credit Deserts

Dr. Rickie Keys continues his important work looking at the impacts of a lack of access to financial services. As banks across the nation relocate their branches from low and moderate income neighborhoods to affluent ones [...]

AFSA Challenges New "Impossible to Implement" Nevada Credit Provision https://t.co/Pa1mr6tBhE

Our October white paper on the #CCPA is now available at:
https://t.co/r8yMN2PGYv (AFSA login required) #Privacy

“In any policymaking process, reliance on isolated, manipulated evidence results in bad policy. It limits consumer choices, often destroying jobs and businesses,” FISCA Executive Director Ed D’Alessio on the disastrous 2017 Small-Dollar Loan Rule. https://t.co/XMKxIqqW0x

The #CFPB's proposed rule on #debtcollection is the subject of a recent NILA comment letter which can be viewed here:

https://t.co/1fEjyBFA9H

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