When Wells Fargo first rolled out its Flex Loan program, it was heralded by advocates like The Pew Charitable Trusts as evidence that America’s largest banks were finally offering an “affordable” alternative to short-term credit products. Bankrate’s own review of the Flex Loan paints a favorable picture, touting fast approval, lower fees than payday loans, […]
The veto of Alaska’s SB 39 preserves critical credit access for underserved consumers and rejects the failed model of rate caps seen in New Mexico and Illinois.
National media coverage affirms the importance of preserving consumer choice and innovation in financial matchmaking.
“The road to hell is paved with good intentions.”
SPPI’s reports, OLA’s studies, and the FDIC’s findings highlight the urgent need to protect credit access for unbanked and underbanked households.
The Consumer Financial Protection Bureau (CFPB) has attacked SoLo Funds, the nation’s largest consumer-facing Black-led and owned fintech.
The Southwest Public Policy Institute applauds the Alaskan Senate Finance Committee’s decision to not advance House Bill 145 and Senate Bill 264, ensuring continued consumer access to diverse emergency credit options.
Last week, the Southwest Public Policy Institute joined Carrie Sheffield from the Independent Women’s Forum, Tirzah Duren from the American Consumer Institute, and Ann Petros from the National Association of Federally-Insured Credit Unions for the panel discussion “Protecting Lending Services For Unbanked, Low-Income Americans”, part of IWF’s Center for Economic Opportunity Policy Chat series. In […]
The unintended consequences of price controls on consumer access to credit.
HB 3389 in Texas is critical for protecting consumers and businesses.
