Cudos to Jennifer Tescher at CFSI for her realistic perspective on small dollar lending, and the limitations associated with the APR calculation. Read Jennifer's comment letter on the FDIC's Proposed Guidelines for Small Dollar Lending and her editorial in the American Banker that can be found on CFSI's website.
Jennifer's reputation as a balanced voice on the challenges associated with banking the underbanked is a refreshing change from other groups' repeatedly anti-bank rhetoric.
I also strongly urge everyone to attend CFSI's Underbanked Financial Services Forum in Dallas in June.
Tuesday, March 27, 2007
Finally, A Balanced Perspective on Small Dollar Lending
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