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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|0 Comments

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 [...]

Fed Article Acknowledges that APR Caps Harm Consumers

August 19th, 2020|Comments Off on Fed Article Acknowledges that APR Caps Harm Consumers

An article released last Wednesday (August 12, 2020) by the Federal Reserve Board of Governors, provides strong support for NILA’s position that consumers suffer when small dollar loan availability is limited by caps on [...]

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Consumer Credit Trends

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|0 Comments

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 [...]

Fed Article Acknowledges that APR Caps Harm Consumers

August 19th, 2020|Comments Off on Fed Article Acknowledges that APR Caps Harm Consumers

An article released last Wednesday (August 12, 2020) by the Federal Reserve Board of Governors, provides strong support for NILA’s position that consumers suffer when small dollar loan availability is limited by caps on [...]