Report 9: Evaluating CFPB Simulations of the Impact of Proposed Rules on Storefront Payday Lending

September 21st, 2016 by

NonPrime101 finds that the CFPB proposal will reduce credit access to storefront payday customers by 81.3% to 90.5% On June 2, 2016, CFPB proposed rules for payday, auto title and… Read More

Report 8: Can Storefront Payday Borrowers Become Installment Loan Borrowers?

July 7th, 2016 by

The Consumer Financial Protection Bureau’s (CFPB) proposal for regulating smalldollar, single-payment (a.k.a. payday) loans significantly threatens the continued operation of that industry. Consumer behavior in that market involves a majority of consumers either… Read More

Report 7-B: Searching for Harm in Storefront Payday Lending

February 12th, 2016 by

By: Rick Hackett Clarity Services, Inc., a consumer reporting agency, has a longer duration, and likely larger data set, than the Consumer Financial Protection Bureau (CFPB) had available for its… Read More

Report 7-C: A Balanced View of Storefront Payday Borrowing Patterns

December 2nd, 2015 by

By: Rick Hackett This report uses a statistically valid random sample of a constant pool of 1,000 users over 3.5 years, with a full year run-off period after the sampling… Read More

Report 7: How Persistent Is the Borrower-Lender Relationship in Payday Lending?

September 10th, 2015 by

The Clarity small-dollar markets research team has access to two very large data sets of small-dollar applicants and borrowers. First, the Clarity production data contains information from almost 300 lenders… Read More

Report 6: The CFPB Five Percent Solution

September 10th, 2015 by

Analysis of the Relationship of Payment-to-Income Ratio to Defaults in Online Installment Loans In its recent outline of proposed regulations, the CFPB suggested it may allow a “safe harbor” from… Read More

Report 5: Loan Product Structures and Pricing in Internet Installment Lending

May 15th, 2015 by

This report analyzes the structure and pricing of small dollar loan products originated through the Internet, as reported to Clarity Services, Inc., with a particular focus on the structure and… Read More

Report 4: Regulatory Intervention in Internet Small-Dollar Lending:

March 4th, 2015 by

  This Report examines Clarity Services data containing loan volume and credit report inquiries to ascertain whether, and to what extent: (a) there is evidence of a regulatory intervention affecting… Read More

Report 3: Measures of Reduced Form Relationship Between the Payment-Income Ratio and the Default Probability

February 17th, 2015 by

Consumer borrowing and lender behavior are important characteristics that impact the small-dollar lending market, particularly payday loans. The ability to evaluate the probability of whether or not a borrower will… Read More

Report 2: Does State Regulation of Small-Dollar Lending Displace Demand to Other Lenders?

January 22nd, 2015 by

State price regulation of small-dollar lending ranges from relatively strict restrictions, limiting all small-dollar lending to rates in the range of 18% to 30% per annum, to more permissive approaches… Read More

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