Straight Talk from an Installment Lender (Part 3)
In this four-part series, Andrew Morrison, a NILA member from Sun Loan Company, deliberates on wrong-footed policymaking, unintended consequences and the importance of safe, affordable small-dollar credit….. PART 3: IT’S THE PRODUCT NOT THE PROVIDER If rate caps are clearly the most bizarre and illogical intrusion by policy makers into the world of Small Dollar Credit, the