NILA Comment on Senate Banking Committee Rate Caps Hearing
On July 29, the US Senate banking committee held [...]
Why Banks Do Not Lend in Low- and Medium-Income Neighborhoods
Explaining to policymakers and others why banks are unable [...]
APR Rules on Short-Term Loans are Misleading (Boston Herald)
A recent opinion piece in the Boston Herald underscored [...]
The Facts about APR Caps (aprfacts.org)
One of the biggest challenges for traditional installment lenders [...]
Study Review: Preserving and Expanding Consumer Access to Credit (Mercatus)
We have chosen to include 2016 testimony before the [...]
Installment Lenders are Essential During the COVID-19 Epidemic
At times of economic turmoil, access to financial services, [...]
APR caps are a deeply flawed regulatory tool….
Under the Truth-in-Lending Act (TILA), the purpose of the Annual [...]
More on APR Caps as Bad Public Policy
Following up from our recent post on APR caps, [...]
NOBEL/Women Identify Role for Banks in Underserved Communities
In January, we posted a piece highlighting a resolution passed [...]
Banks to Enter Small-Dollar Loan Market? Again!
A recent piece in American Banker by the head of the [...]