Report 11: What’s 36% Got to Do With It?

October 6th, 2016 by

Does Lender Behavior Support CFPB’s Hypothesis That Installment Loans Are Increasingly Unaffordable as Rates Increase? By: Rick Hackett CFPB (the Bureau) defines “covered longer term loans” that will be subject… Read More

Report 10: Is Consumer “Ability To Repay” Predictive of Actual Repayment of Storefront Payday Loans?

September 29th, 2016 by

By: Rick Hackett In a recent White Paper, we analyzed the ability-to-repay (ATR) of a large sample of storefront payday borrowers, using the CFPB’s recently proposed method of computing residual… Read More

Report 8B: Can Storefront Payday Borrowers Qualify for a $500 Installment Loan Under CFPB Rules?

September 26th, 2016 by

In Report #8 published on nonPrime101, this team asked the question: can a historical population of payday loan borrowers qualify for an installment loan under the standards laid out in… Read More

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

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