APR Caps

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Bank of America’s Payday Loan and APR Cap Inadequacy

We have written before about the periodic announcements by [...]

2020-11-23T15:22:54+00:00 November 23rd, 2020|Categories: Alternative Lenders, News|Tags: , , , , , , , , |Comments Off on Bank of America’s Payday Loan and APR Cap Inadequacy

STUDY REVIEW: Consumer Borrowing after Payday Loan Bans

NILA members do not make payday loans, offering instead, [...]

2020-09-14T18:35:49+00:00 September 14th, 2020|Categories: News, Study Review|Tags: , , , , , , , , , |Comments Off on STUDY REVIEW: Consumer Borrowing after Payday Loan Bans

Congress Must Remove Rate Caps from Bills That Boost US Economy 

Mitigating the economic effects of COVID-19 policy is the [...]

2020-09-08T13:28:33+00:00 September 8th, 2020|Categories: News, Regulation|Tags: , , , , , , , , , , , , |Comments Off on Congress Must Remove Rate Caps from Bills That Boost US Economy 

Fed Article Acknowledges that APR Caps Harm Consumers

An article released last Wednesday (August 12, 2020) by [...]

2020-08-19T14:48:14+00:00 August 19th, 2020|Categories: News, Regulation|Tags: , , , , , , , |Comments Off on Fed Article Acknowledges that APR Caps Harm Consumers

STUDY REVIEW: How Do Small-Dollar Nonbank Loans Work?

In the first of a series of posts reviewing [...]

The Economist: Capping Interest Rates Leads to More Debt and More Default

A recent piece in The Economist, made a [...]

2020-03-13T18:45:36+00:00 March 13th, 2020|Categories: News, Regulation|Tags: , , , , , , |Comments Off on The Economist: Capping Interest Rates Leads to More Debt and More Default

APR caps are a deeply flawed regulatory tool….

Under the Truth-in-Lending Act (TILA), the purpose of the Annual [...]

2020-03-06T17:51:25+00:00 March 6th, 2020|Categories: News, Regulation|Tags: , , , , , , |Comments Off on APR caps are a deeply flawed regulatory tool….

Federal APR Cap Bill Concerns National Black Chamber

A recent letter from the National Black Chamber of [...]