Interest rate
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Op-Ed
When the Horseshoe Isn’t Just a Theory
Nowhere is the horseshoe theory more readily apparent than in consumer finance.
Originally published inNational Review
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Op-Ed
Credit Card Rate Caps Will Lead To a Shortage of Credit Cards
Why a national credit card rate cap would shrink access and worsen inequality.
Originally published inRealClearMarkets
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Op-Ed
The Real World Intrudes On Sanders and Hawley’s Rate Cap
A national credit card rate cap may seem consumer-friendly, but history and state-level experiments shows it shrinks credit access and pushes borrowers toward costlier alternatives.
Originally published inRealClearMarkets
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Op-Ed
Need a $200 Loan? You’re Mostly Outta Luck
Originally published at realclearmarkets.com on June 21, 2023 In New Mexico, an interest rate cap on specialized emergency loans when into effect in January. Since then, big-bank promoters have endorsed the small-dollar short-term loan products offered by U.S. Bank, Bank…
Originally published inRealClearMarkets
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Event
SPPI Takes Vegas: A High-Stakes Discussion on Emergency Lending
SPPI shares insights on the impact of the war on specialized emergency lending at AFSA’s conference in Las Vegas.
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Op-Ed
If I Can’t Get An ‘Emergency’ Loan From A Bank, It’s Not Clear Who Possibly Can
We tested the prediction that banks will step in when payday lenders face restrictions. They didn’t want our business.
Originally published inAmerican Banker