That's right. Thank you so much for having us today.
ACORN is very encouraged by the federal government's decision to lower the interest rate for installment loans from 48% to 35%. ACORN's fair banking campaign has been asking for this change for years now, and we're happy it is finally happening.
The evidence, through a series of surveys and testimonies of low- and moderate-income people, refutes the claims of lenders that it helps people in any way or improves their credit scores—