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

Going Postal? Cato Institute on Post-Office Banking

November 30th, 2020|Comments Off on Going Postal? Cato Institute on Post-Office Banking

A fascinating blog post by Diego Zuluaga at the Cato Institute, discusses what the writer calls the recent “surprising rehabilitation” of Post Office banking - the idea that the United States Postal Service (USPS) [...]

Bank of America’s Payday Loan and APR Cap Inadequacy

November 23rd, 2020|Comments Off on Bank of America’s Payday Loan and APR Cap Inadequacy

We have written before about the periodic announcements by banks that they are now offering a small dollar loan product. We read of the latest in the Charlotte Observer, which ran a story about [...]

Guest Post: The Importance of Financial Literacy

October 27th, 2020|Comments Off on Guest Post: The Importance of Financial Literacy

By Olivia DiBiase Personal financial literacy is critical to succeed in today’s world, but study after study shows that many Americans are in need of a deeper understanding of core financial concepts. While there is an abundance of [...]

Personal Loans 101 Revisited!

October 9th, 2020|Comments Off on Personal Loans 101 Revisited!

Our colleagues at the American Financial Services Association Education Foundation (AFSAEF) are responsible for a number of valuable and impressive programs relating to consumer finance and Traditional Installment Loans. These programs are aimed at consumers [...]

STUDY REVIEW: Consumer Borrowing after Payday Loan Bans

September 14th, 2020|Comments Off on STUDY REVIEW: Consumer Borrowing after Payday Loan Bans

NILA members do not make payday loans, offering instead, traditional installment loans which are generally considered a safe and affordable alternative to payday or title products. Despite this critical difference, legislative and regulatory efforts [...]

Congress Must Remove Rate Caps from Bills That Boost US Economy 

September 8th, 2020|Comments Off on Congress Must Remove Rate Caps from Bills That Boost US Economy 

Mitigating the economic effects of COVID-19 policy is the focus of much effort at the national level, including the worthy bipartisan and bicameral legislation, the Jobs and Neighborhood Investment Act. These bills, H.R. 7709 [...]