American Banker: Don’t Lump In Installment Loans with Payday

In response to a recent op-ed on this blog defending payday loans, Rep. Linda Sánchez, D-Calif., countered that payday lenders create “debt traps” by forcing borrowers to take out additional loans to repay escalating interest on their original loan. I...
NAFSA Applauds Treasury Announcement of Study on Online Lending

NAFSA Applauds Treasury Announcement of Study on Online Lending

NAFSA to press for Treasury research to be comprehensive and include all relevant online lending products WASHINGTON, DC (July 20, 2015) – The Native American Financial Services Association (NAFSA) today praised the U.S. Department of the Treasury for its announcement...

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