Home 2018-01-17T20:21:45+00:00

“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

Case Study: Arkansas and Liquidity (Video)

April 1st, 2019|Comments Off on Case Study: Arkansas and Liquidity (Video)

 This video, developed by NILA associate Dr. Rickie Keys, examines the liquidity crisis in Arkansas and makes the persuasive case that traditional installment lending can go some way to alleviating the challenges faced by [...]

Straight Talk from an Installment Lender (Part 4)

March 5th, 2019|Comments Off on Straight Talk from an Installment Lender (Part 4)

In the last post in a four-part series, Andrew Morrison, a NILA member from Sun Loan Company, deliberates on wrong-footed policymaking, unintended consequences and the importance of safe, affordable small-dollar credit…. PART 4: TECH, TECH, [...]

AG Small Loan Letter to the FDIC Disappoints

February 19th, 2019|Comments Off on AG Small Loan Letter to the FDIC Disappoints

In late January, 14 State Attorneys General sent a letter to the Federal Deposit Insurance Company (FDIC) in response to a request for information on small dollar lending. NILA feels compelled to comment on this [...]

Liquidity and #credit access in #Arkansas (new post) #financialcapability #empowerment #finlitmonth https://t.co/2qO1o8V8bv

AGs' letter to the #FDIC disappoints https://t.co/qk4xUdtQcz

Straight talk from an #installmentlender (Part 4) #lending #consumerfinance https://t.co/A2xWqfVgRf

"The financial habits you develop when you are young are going to go with you into your adulthood." -Warren Buffett | So true! Let's start teaching our young children to be financially wise! #finlit #FinancialLiteracyMonth

We would like to salute our outgoing CEO Chris Stinebert! Chris was the CEO of AFSA from 2006 until today. He did a wonderful job growing AFSA into a prominent trade association for the consumer credit industry! Thank you Chris! https://t.co/GARMx9uyLf

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