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
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
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 [...]