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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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New Survey: Borrowers Are FAR More Favorable Toward Payday Loans than Voters Without Experience

July 17, 2017 | Access to Credit

Washington, D.C. – New survey research released today by premier polling firms Global Strategy Group (D) and the Tarrance Group (R) ...

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Court Orders Discovery To Commence In Two Weeks In Operation Choke Point Litigation

July 7, 2017 | Operation Chokepoint

Court‘s Ruling Will Expose Illegal Obama-Era Activity Against Lawful Businesses...

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

July 6, 2017 | Federal & CFPB Regulations

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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Small-dollar lending filling real need for Americans

May 30, 2017 | Consumer Credit Wire

In a recent ReasonTV video interview, University of Pennsylvania professor Lisa Servon told the story of her experiences working in several positions at nonbank financial services firms, including at a small-dollar lender, to explore the reality of living paycheck to paycheck – a reality that over 75 percent of Americans face. ...

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

May 10, 2017 | Operation Chokepoint

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

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