Newsroom

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

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

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

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

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

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

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

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

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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