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The Importance of Competition, Even in ‘Small-Dollar’ Loan Industry

by Jeremy Webster | Nov 11, 2016 | Mercatus Center Publications

Consumers benefit greatly from increased competition in any market, especially a credit market. Read more at Mercatus.org

Comment on the CFPB’s Rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans

by Jeremy Webster | Oct 7, 2016 | Mercatus Center Publications

We appreciate the opportunity to respond to the proposed rulemaking by the Bureau of Consumer Financial Protection (CFPB or Bureau) on payday, vehicle title, and certain high-cost installment loans. The Mercatus Center at George Mason University is dedicated to...

Thomas Miller on Mississippi State University’s Dividends Show

by Jeremy Webster | Sep 29, 2016 | Mercatus Center Publications

Thomas Miller appears on the Dividends Show to discuss his recent testimony on consumer finance and the small-dollar loan landscape before the U.S. House Financial Services Subcommittee. He also shares with host, Jeffrey Rupp, how small-dollar loan markets work and...

The Demonization of 36 Percent APR

by Jeremy Webster | Jun 1, 2016 | Mercatus Center Publications

Competition guarantees that the borrowers will receive loans at the lowest possible cost and highest possible customer service—in both large- and small-dollar loan markets. Read more at Mercatus.org

Google’s Decision on Payday Loans Defies Logic

by Jeremy Webster | May 25, 2016 | Mercatus Center Publications

We remain puzzled by Google’s decision. Protecting and helping consumers is a noble goal. Limiting access to credit, however, isn’t the way to do it. Read more at Mercatus.org
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