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

Illinois Letter Counters “Public Banks and Postal Service” Claims

March 30th, 2021|Comments Off on Illinois Letter Counters “Public Banks and Postal Service” Claims

A devastating new law that will destroy non-bank lending in Illinois recently received support in the form of an opinion piece in the Chicago Sun-Times. In it, the authors claim that public banks and [...]

Accelerating Bank Branch Closures Mean More Credit Deserts

March 22nd, 2021|Comments Off on Accelerating Bank Branch Closures Mean More Credit Deserts

US banks closed 148 branches, nationwide in February, according to a report from S&P Global. This continues a worrying trend that promises to increase the prevalence of “credit deserts”. These are geographies where widespread [...]

AFSA Highlights New Mexico SB 66 Anti-Consumer Bill

March 2nd, 2021|Comments Off on AFSA Highlights New Mexico SB 66 Anti-Consumer Bill

A post by our friends at the American Financial Services Association (AFSA), highlighted the deeply problematic nature of New Mexico’s Senate Bill 66, which will “force [lending] businesses to shutter and their consumers into [...]

CEI to CFPB: No Rate Caps on Small Dollar Loans

February 5th, 2021|Comments Off on CEI to CFPB: No Rate Caps on Small Dollar Loans

A recent blog post by Iain Murray at the Competitive Enterprise Institute acknowledges rising concerns that the new leadership at the Consumer Financial Protection Bureau (CFPB) might renew attempts to impose a price cap [...]

The Facts about APR Caps (aprfacts.org)

January 20th, 2021|Comments Off on The Facts about APR Caps (aprfacts.org)

One of the biggest challenges for traditional installment lenders in speaking to policymakers about industry regulation is explaining the nature of Annual Percentage Rates (APR). Price caps that use APR for measuring the supposed [...]

Study Review: Preserving and Expanding Consumer Access to Credit (Mercatus)

December 23rd, 2020|Comments Off on Study Review: Preserving and Expanding Consumer Access to Credit (Mercatus)

We have chosen to include 2016 testimony before the US House Committee on Financial Services in our series on influential or useful studies. This is because the source (the Mercatus Center at George Mason [...]