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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

STUDY REVIEW: How Do Small-Dollar Nonbank Loans Work?

June 16th, 2020|Comments Off on STUDY REVIEW: How Do Small-Dollar Nonbank Loans Work?

In the first of a series of posts reviewing studies that are particularly helpful in understanding the nature and role of Traditional Installment Loans, we examine the 2019 study How do Small-Dollar Nonbank Loans [...]

COVID-19 Resources for Borrowers

May 12th, 2020|Comments Off on COVID-19 Resources for Borrowers

TOP US GOVERNMENT WEBSITES Visit these federal government websites for current information about the coronavirus (COVID-19) and how to take steps to protect yourself and your family: Latest Official Information (Coronavirus Task Force) Frequently [...]

Borrower Assistance During the Pandemic

May 5th, 2020|Comments Off on Borrower Assistance During the Pandemic

NILA members understand that we serve a section of society that has been particularly hard-hit by the economic consequences of public policy aimed at managing the COVID-19 pandemic. Many of those we serve have [...]

AFSA's SVP Danielle Fagre Arlowe testified before the New Jersey Assembly Commerce and Economic Development Committee hearing on AB 3908 recently.

This bill would make a number of changes credit reporting dynamics. Here is her full testimony! https://t.co/0iylsnsQ05

Billionaire Robert F. Smith launches a new initiative to ease student debt at historically black colleges: https://t.co/YQVzBESS5I

Our members have met consumer needs for over a century. Read about why installment lending is critical to our economy and what AFSA is doing to enhance that: https://t.co/ctCYrdL12s

Review of Thomas Miller's @mercatus study "How do Small Dollar Nonbank Loans Work?" #consumerfinance https://t.co/WVzFcpLDjq

Want to get the latest & greatest insight on the consumer credit industry?

Learn more about our new and improved Daily Connect email and Newsbriefs here: https://t.co/gXraVGMsTU

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