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

October 31, 2017 | Federal & CFPB Regulations

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

October 5, 2017 | Federal & CFPB Regulations

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

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U.S. Department of Justice to End Obama-Era Operation Choke Point

August 18, 2017 | Operation Chokepoint

DOJ: “Enforcement decisions should always be made based on facts and the applicable law”...

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