Federal & CFPB Regulations

CFSA Statement on CFPB Reconsideration of Small-Dollar Loan Rule

Dennis Shaul, CEO of the Community Financial Services Association of America (CFSA), released the following statement in light of the Consumer Financial Protection Bureau’s (CFPB) decision to potentially reconsider its small-dollar loan rule....

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Summary of CFPB Notices of Proposed Rulemaking (NPRMs)

Summary of CFPB Notices of Proposed Rulemaking (NPRMs)...

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The ‘Equifax’ threat to small-dollar loan customers

There are many flaws in the Consumer Financial Protection Bureau’s (CFPB) small-dollar loan rule, which will deny millions of Americans access to a vital form of credit. ...

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CFPB’s Small-Dollar Lending Rule a Blow to Consumers

The Consumer Financial Protection bureau has released its final rule on small-dollar lending after what it says was “five years of research, outreach and a review of more than a million comments.” ...

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Out-of-Touch CFPB Ignores Consumers, Issues Final Small-Dollar Lending Rule

Dennis Shaul, CEO of the Community Financial Services Association of America (CFSA), today released the following statement regarding today’s...

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Illegal Obama-Era Program Rebuked as Federal Court Green-Lights Lawsuit Against Government

ALEXANDRIA, VA – The U.S. District Court for the District of Columbia yesterday issued a stinging rebuke of the Obama administration’s ...

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A Victory for Transparency as Court Orders Discovery in Operation Choke Point Lawsuit

Alexandria, VA – The Community Financial Services Association of America (CFSA) released the following statement regarding a decision by...

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Short-Term Lenders File For Emergency Relief from Illegal Operation Choke Point Program

Last Wednesday, November 23, the Community Financial Services Association of America (CFSA) and Advance America filed an emergency
...

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