Federal & CFPB Regulations

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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CFSA Projects More Than One Million Customers Voice Opposition to CFPB’s Restrictive Payday Lendin

Alexandria, Va. –The Community Financial Services Association of America (CFSA) anticipates that more than one million concerned Americans will have...

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More Than 172,000 Public Comments On CFPB Payday Lending Rule Portal Set A New CFPB Record

Alexandria, Va. – The Consumer Financial Protection Bureau’s (CFPB) short-term credit rule comment portal has received more than 172,000 ...

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CFPB Buried, Ignored Positive Payday Loan Customer “Tell Your Story” Testimonials It Requested

Alexandria, Va. – New documents released today reveal for the first time more than 12,000 positive testimonials that payday loan customers submitted to the ...

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