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Valerie Hletko Quoted in U.S News & World Report Article, "If the Payday Lending Industry Goes Out of Business, What Will Replace It?"

Valerie L. Hletko

Valerie L. Hletko was quoted on October 14, 2016 in a U.S. News & World Report article regarding the changing consumer and legal landscape of the Payday lending industry. The article discussed the Consumer Financial Protection Bureau’s (CFPB) moves to regulate the payday lending industry, as well as the possibility that payday lending might be replaced by another, less costly industry for consumers. Hletko agreed that installment loans could gain popularity, noting, "Consumers may shift to installment loans. Reducing or eliminating access to payday loans will have no effect on the need for credit."

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