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Archive 2018-04-10T21:15:48+00:00

“Live Checks” AFSA Letter to the Editor of American Banker

January 3rd, 2019|Comments Off on “Live Checks” AFSA Letter to the Editor of American Banker

A recent letter-to-the-editor of American Banker by AFSA's Bill Himpler dealt with the issue of so-called "live checks" otherwise known, more accurately, as loans-by-mail: January 2, 2019 Robert Blackwell Editor-in-Chief American Banker SourceMedia LLC [...]

Financially Literate Customers are Good Customers

December 19th, 2018|Comments Off on Financially Literate Customers are Good Customers

NILA members have applauded the recent announcement that U.S. Senators Maggie Hassan, D-N.H., Kirsten Gillibrand, D-N.Y., and Doug Jones, D-Ala., have introduced legislation to establish a competitive grant program at the U.S. Department of Education [...]

Straight Talk from an Installment Lender (Part 3)

November 20th, 2018|Comments Off on Straight Talk from an Installment Lender (Part 3)

In this 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 3: IT’S THE PRODUCT NOT THE [...]

The BCFP/CFPB and Installment Lending

November 8th, 2018|Comments Off on The BCFP/CFPB and Installment Lending

PART 3: A New, More Balanced Era for the CFPB?  In the Cordray years, businesses learned that treating consumers honestly and maintaining good compliance programs might not save them from politically motivated CFPB enforcement [...]

Pew: Installments Affordable & “Create Pathway Out of Debt”

October 25th, 2018|Comments Off on Pew: Installments Affordable & “Create Pathway Out of Debt”

A study released last week by the Pew Charitable Trust made some interesting points about the nature of traditional installment lending and its regulation. We welcome Pew’s assertion that installment loan payments create a [...]

Denver Post: “Poor people are stupid and need Proposition 111”

October 2nd, 2018|Comments Off on Denver Post: “Poor people are stupid and need Proposition 111”

A ballot initiative in Colorado that would impose a 36 percent APR limit on payday loans has attracted some tongue-in-cheek comment from Denver Post columnist Jon Caldara. His column is likely to strike a [...]