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Trade groups file opposition to CFPB’s motion for summary judgment in Texas lawsuit

November 30, 2020 | Relevant News

The industry trade groups challenging the CFPB’s final rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (the Rule) have filed their combined opposition to the CFPB’s cross-motion for summary judgment and reply to the CFPB’s opposition to the trade groups’ motion for summary judgment. ...

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Leading Consumer Financial Services Companies Announce INFiN, A Financial Services Alliance

October 6, 2020 | Press Releases

Alliance creates a collective of companies dedicated to meeting the needs of consumers in a diverse and evolving financial services marketplace

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Trade groups file amended complaint in Texas lawsuit challenging CFPB payday loan rule

August 31, 2020 | Relevant News

The industry trade groups challenging the CFPB’s final Rule on Payday, Vehicle Title, and Certain High-Cost Installment Loans (the Rule) filed their Amended Complaint in accordance with the briefing schedule recently entered by the court....

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Final Small-Dollar Lending Rule Ensures Millions Will Have Access to Regulated Credit

July 7, 2020 | Federal & CFPB Regulations

The CFPB’s action will ensure that essential credit continues to flow to communities and consumers across the country, which is especially important in these unprecedented times....

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Listen to small businesses, customers to craft small-dollar loan regulations

May 27, 2020 | CFSA Commentary

By Mickey Mays
The Consumer Financial Protection Bureau (CFPB) will soon release a final rule to fix the most glaring issues with its 2017 small-dollar lending rule, which stood to shutter hundreds of small businesses and leave millions of consumers without access to credit.

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Good riddance to lending rule that would have hurt business and consumers

May 22, 2020 | CFSA Commentary

By Brian Lynn
Federal regulators at the Consumer Financial Protection Bureau (CFPB) are soon expected to roll back portions of a small-dollar lending rule titled, “Payday, Vehicle Title, and Certain High-Cost Installment Loans,” issued under former Director Richard Cordray. This is good news for Florida consumers and small businesses....

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Cordray Resistance Aims to Rewrite CFPB's History

May 22, 2020 | CFSA Commentary

By Dennis Shaul
Critics of small-dollar lending are at it again, this time attacking the Consumer Financial Protection Bureau’s (CFPB) forthcoming reconsideration of the 2017 small-dollar lending rule. Politics, the critics claim, is behind the current rulemaking – a hypocritical allegation that has many of us scratching our heads in disbelief......

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CFSA Encouraging Members to Extend Flexibility in Small-Dollar Loan Repayment During COVID-19

March 30, 2020 | Press Releases

As businesses across the country temporarily close stores, reduce employee hours or implement other responsive measures to the growing coronavirus (COVID-19) pandemic, the Community Financial Services Association of America (CFSA) is encouraging......

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