ICYMI | Himpler Defends Credit Access

AFSA President & CEO Bill Himpler appeared on Nexstar Television Stations during the holidays in an interview with reporter Kellie Meyer. Their conversation was part of a story on the woefully inaccurately titled “Veterans and Consumers Fair Credit Act,” introduced by Senator Jeff Merkley (D-OR) and others, which would impose a 36% national rate cap (a companion bill is being considered in the House of Representatives).

AFSA has said quite a bit about this bill and written several blog posts.

We should tread carefully so as not to ensnare legitimate financial institutions like traditional installment lenders. Even former Consumer Financial Protection Bureau (CFPB) Director Richard Cordray agreed that these loans are positive and worth protecting.

Read the story and watch the video here.