Taxing Credit Unions Will Hurt Consumers

Earlier this year, Iowa State University published a study that found same-sex couples were more likely to be denied a mortgage than heterosexual couples. To address this discrepancy, the first credit union to serve the LGBTQ community was formed this year in Michigan. Yet, not everyone supports credit unions. The Florida Bankers Association have long […]

Townhall: If the 2020 Candidates Really Want to End the Housing Crisis, This Is How They Could Do It

As candidates promise billion-dollar programs to correct for the lack of affordable housing, policymakers from across the aisle should focus on the regulations that keep an increasing number of Americans out of their dream home. To read this opinion piece, visit Townhall.  

In Going After Small-Dollar Lenders, Sanders and Ocasio-Cortez Would Empower the Real Loan Sharks

If bills were judged only by their titles, it would be hard to find fault in Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez’s latest proposal, the Loan Shark Prevention Act. But don’t be fooled. The crux of the bill is a 15 percent APR cap on all consumer loans, which would destroy the small-dollar lending […]

ACI Files Comments with the CFPB: Calls for Preserving Consumer Choice

In this filing ACI commends the Consumer Financial Protection Bureau’s (CFPB) decision to rescind the specific provisions of the 2017 rule and thus preserve consumer choice and access to credit. As the CFPB thinks about re-evaluating the rules governing small-dollar loans, it should be mindful of the empirical evidence in this area and look to […]

The Hill: Revisiting Small Loans Rules Crucial to Maintaining Access to Credit for Vulnerable Consumers

Access to credit is vital for families and communities to invest and grow. For the millions of Americans who rely on small-dollar loans as a last resort, the CFPB’s decision to reconsider placing additional restrictions on these loans should be welcome news. You can read this op-ed in The Hill.

The Gig Economy Relies on Fintech Options

Right now, more than one in three U.S. workers are engaged in some kind of freelancing or project-based work, either as a primary or secondary job. By 2020, half of the U.S. workers will be freelancers, if the trend continues to grow at its current pace. For the millions of workers in this gig economy, […]

Coaltion Letter to Congress: Stop the Fed’s RTP Takeover

ACI joined a coalition of 30 other nonprofit organizations in asking Congress to stop the Federal Reserve’s proposal to operate a real time payments system (RTP), which would make the Federal Reserve both the regulator and a competitor of private sector financial entities.  The letter was sent to Congress and is available online.