CFSA Press Releases

Statement on Confirmation of Kathy Kraninger as BCFP Director

CFSA congratulates Kathy Kraninger on her confirmation as BCFP Director. The BCFP deserves a Director who will listen to consumers and rely on unbiased data and research to guide its work. ...

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Court Stays Compliance Date of Small-Dollar Lending Rule

Court Stays Rule Implementation While Bureau Revisits Rulemaking...

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Unsealed Government Documents Prove Federal Cover-Up in Operation Choke Point

Emails and Depositions Expose Secret Campaign to Choke Off Banking Relationships with Lawful Businesses ...

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FTC, DOJ Return More Than $500 Million to Consumers Harmed by Illegal Lenders

FTC, DOJ Return More Than $500 Million to Consumers Harmed by Unlawful, Unscrupulous Lender...

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Bureau’s Small-Dollar Loan Rule Already Causing Irreparable Harm to Businesses in Advance of 2019

CFSA Files Preliminary Injunction to Stop Bureau Rule to Prevent Further Financial Costs, Store Closings and Employee Layoffs
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CFSA Statement on Court Ruling CFPB Structure Unconstitutional

The Court’s ruling validates the claims in CFSA’s lawsuit, which also contends that the Bureau’s structure violates the U.S. Constitution’s separation of powers. ...

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CFSA Statement on Nomination of Kathy Kraninger as CFPB Director

CFSA congratulates Kathy Kraninger on her nomination to serve as CFPB Director. The CFPB needs a Director who will listen to consumers and rely on unbiased data and research to guide its work. Ms. Kraninger is a longtime public servant and we hope that under her leadership the Bureau fulfills its intended mission as a truly independent, non-partisan agency that serves American consumers....

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New Federal Reserve Report Finds Millions Of Americans Struggle To Cover Unexpected Expenses

The Federal Reserve this week released a new report on the economic well-being of U.S. households in 2017. The report highlights that even with improved financial conditions over the past five years, 40 percent of Americans either could not cover or would struggle to cover an unexpected expense of $400. ...

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