Newsroom

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CFSA Modernizes Industry-Leading Best Practices

July 10, 2018 | Access to Credit

Best Practices Broaden Scope Covering All Small-Dollar Loans, Further Enhance Consumer Protections and Address Evolving Credit Needs of American Consumers ...

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CFSA Statement on Court Ruling CFPB Structure Unconstitutional

June 22, 2018 | Federal & CFPB Regulations

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

June 18, 2018 | Federal & CFPB Regulations

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

May 23, 2018 | Research & Surveys

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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CFSA Files Lawsuit Against Consumer Financial Protection Bureau Over Small-Dollar Loan Rule

April 9, 2018 | Federal & CFPB Regulations

Lawsuit Alleges CFPB Violated Federal Regulatory Requirements; Bureau Structure is Unconstitutional
...

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CFPB should make sure payday rule reboot meets consumer needs

March 8, 2018 | Federal & CFPB Regulations

The federal government and the entire financial services industry have a duty to help Americans understand their consumer rights so they can make well-informed decisions with their money — but it is unclear how often this is happening. ...

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CFSA Statement on CFPB Reconsideration of Small-Dollar Loan Rule

January 19, 2018 | Federal & CFPB Regulations

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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The ‘Equifax’ threat to small-dollar loan customers

November 15, 2017 | Federal & CFPB Regulations

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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