Understanding Traditional Installment Lending (Study Reviews)
Reviewing Four Important Public Studies Promoting understanding of Traditional Installment Lending and the forces that shape its social, regulatory, and political environment, is NILA’s number one job. Only through understanding the nuances of lending [...]
AFSA Concerned About CFPB
A hearing of the House Financial Services Committee’s Subcommittee on Financial Institutions and monetary policy was the venue for the American Financial Services Association (AFSA) recent testimony. AFSA CEO Bill Himpler raised serious concerns about [...]
Military Lending Act Limits Access to Credit (Study Report)
A recent report by the Urban Institute, finds that the 2015 expansion of the Military Lending Act (MLA) had a negative effect on certain potential borrowers through reduced access to credit. The MLA imposed [...]
The Illinois Lending Law Disaster (Study Report)
A working draft of an independent academic study of the effects of the 2021 Illinois Predatory Loan Prevention Act (PLPA), finds that thousands of Illinois consumers no longer qualify for small dollar installment loans, leaving them [...]
Flawed Illinois Poll Generates Worthless Conclusions
Activist group the Woodstock Institute recently released a “survey” of 600 people. It looks to be designed to mislead those Illinois policymakers concerned about the increasingly obvious and damaging consequences of a new Illinois [...]
Number of Unbanked Fell in 2021 (FDIC)
The Federal Deposit Insurance Corporation (FDIC) recently released its 2021 Annual Survey of unbanked and underbanked households. The survey shows an estimated 4.5% of U.S. households (approximately 5.9 million) were “unbanked” in 2021, meaning [...]