No Kicks with SB 66

No Kicks with SB 66

Small-dollar loans are crucial for the American consumer. Whether they’re looking to fund a car repair, purchase an appliance or pay for a much-needed vacation, millions of Americans rely on traditional installment loans each year.  That’s the argument that Paul...
The CFPB Taskforce on Consumer Credit Report

The CFPB Taskforce on Consumer Credit Report

On January 5, 2021 the Consumer Financial Protection Bureau’s Taskforce on Federal Consumer Financial Law released a report with recommendations on how to improve consumer protection in the financial marketplace. You can access the volumes of the report here and...
AFSA Provides Testimony on NM All-In Rate Cap

AFSA Provides Testimony on NM All-In Rate Cap

On February 9, AFSA Senior Vice President Danielle Fagre Arlowe provided oral testimony opposing New Mexico SB 66 in a Senate Tax, Business and Transportation Committee hearing. The bill would institute an 36% all-in rate cap, which would include other charges for...
Illinois Governor Signs Anti-Consumer Rate Cap Bill Into Law

Illinois 36% Solution is No Solution at All

Earlier today, the American Financial Services Association, the Illinois Financial Services Association, the Independent Finance Association of Illinois, and the Illinois Automobile Dealers Association wrote to Illinois Gov. J.B. Pritzker to express concerns with...