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

New Mexico Must Expand Access to Credit (The Paper)

November 29th, 2021|Comments Off on New Mexico Must Expand Access to Credit (The Paper)

A recent opinion piece in The Paper, Albuquerque’s independent print and digital news source, spoke to the challenges arising from the COVID 19 pandemic for underserved individuals, families and businesses in New Mexico and [...]

Shared Principles for an Inclusive Financial System (World Economic Forum)

November 9th, 2021|Comments Off on Shared Principles for an Inclusive Financial System (World Economic Forum)

An August White Paper from the World Economic Forum (WEF) caught our eye recently, for the recommendations it contained on how to build inclusive financial systems. The paper, Shared Principles for and Inclusive Financial [...]

Industry Letter to New CFPB Director Underscores the Importance of Credit Access

October 15th, 2021|0 Comments

The new head of the Consumer Financial Protection Bureau, Rohit Chopra, was sworn into office on Tuesday (October 12, 2021). Our colleagues at the American Financial Services Association (AFSA), took the opportunity to send [...]

Financial Stress and Physical Health

September 22nd, 2021|Comments Off on Financial Stress and Physical Health

In recent years we have seen ever more investigation of the links between financial stress and physical health. Many commentators have referred to the cyclical nature of this: Poor health causes financial stress, while [...]

Bankers Declare Opposition to Proposed 36 percent APR Caps

August 9th, 2021|Comments Off on Bankers Declare Opposition to Proposed 36 percent APR Caps

A July 23 letter to the US Senate Banking Committee from a number of leading bank and credit union groups has declared unequivocal opposition to proposals under consideration for a 36 percent “all-in” APR [...]

NILA Comment on Senate Banking Committee Rate Caps Hearing

August 3rd, 2021|Comments Off on NILA Comment on Senate Banking Committee Rate Caps Hearing

On July 29, the US Senate banking committee held a hearing entitled “Protecting Americans from Debt Traps by Extending the Military’s 36% Interest Rate Cap to Everyone”.  NILA has a public interest responsibility to point out [...]