Home 2019-10-21T20:23:14+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

Black Caucus Institute on Small Dollar Lending and Rate Caps

April 15th, 2022|Comments Off on Black Caucus Institute on Small Dollar Lending and Rate Caps

The Annual Report of the 21st Century Council, a working group of the Congressional Black Caucus Institute (CBCI), contains some important observations about access to credit and small dollar lending. It also provides  policy [...]

CFPB BNPL Inquiry Should Focus on Leveling Regulatory Playing Field

April 4th, 2022|Comments Off on CFPB BNPL Inquiry Should Focus on Leveling Regulatory Playing Field

A new report from US PIRG contains findings likely to add a new sense of urgency to the Consumer Financial Protection Bureau’s (CFPB)  investigation into so-called “By Now Pay Later” financing. The report has [...]

Survey Shows New Illinois Lending Law Hurting Consumers

March 4th, 2022|Comments Off on Survey Shows New Illinois Lending Law Hurting Consumers

A recent survey of Illinois borrowers who took out small-dollar loans found that, after Governor JB Pritzker signed a 36 percent annual percentage rate (APR) rate cap into law last March, their financial situation [...]

Spending on Financial Services Fell During Pandemic @finhealthnet

https://nilaonline.org/2022/05/13/spending-on-financial-services-fell-during-pandemic-financial-health-network/

Black Caucus Institute on Small Dollar Lending and Rate Caps #aprcaps https://nilaonline.org/2022/04/15/black-caucus-institute-on-small-dollar-lending-and-rate-caps/

Utah Gov. Spencer Cox signs HB 227, making UT the 4th state to approve a consumer #privacy bill.
https://le.utah.gov/~2022/bills/static/SB0227.html

.@CFPB #BNPL inquiry should focus on leveling the regulatory playing field #FinancialInclusion #regulation

https://nilaonline.org/2022/04/04/cfpb-bnpl-inquiry-should-focus-on-leveling-regulatory-playing-field/

Survey Shows New Illinois Lending Law Hurting Consumers #illinois #installmentloanswork #aprcaps https://nilaonline.org/2022/03/04/survey-shows-new-illinois-lending-law-hurting-consumers/

Load More...

Get The Latest Info

Sign up for free regular reports


*We will not share your information with anyone