Research and Surveys

In The News: Listen to History, Borrowers to understand impact of proposed rate caps

February 23, 2020 | In The News

When developing policy, it’s common sense to listen to those who stand to be the most impacted. Yet attempts to enact a 36 percent annual interest rate cap on short-term, small-dollar loans are being guided by outside interest groups with little regard for the consequences or the financial realities of many Americans. ...

In The News: Interest Loan Caps Have a Record of Failure

January 24, 2020 | In The News

Rather than restricting access to loans that customers value and forcing them into worse outcomes, policymakers should work toward real financial inclusion and ensure that all Hoosiers have access to legal and licensed sources of credit. ...

In The News: Not All Small-Dollar Lenders Are The Same

January 11, 2020 | In The News

In 2020, the CFPB and Congress should work to protect access to licensed and regulated lenders and focus on tackling the very real problem of unlicensed, unregulated, illegal or otherwise unscrupulous lenders trying to take advantage of Utahns....

CFSA Statement on New CFPB Report on Financial Well-Being by State

November 14, 2019 | Access to Credit

It is not surprising to see that nearly 57 percent of Americans would struggle to bridge a financial gap or pay an unexpected expense of $2,000. One of the many reasons millions of Americans choose to use small-dollar loans every year is to bridge financial gaps. ...

Introducing The Inside Credit Conference | Register Now

August 29, 2019 | Access to Credit

Inside Credit is a conference for lenders, financial services experts and thought leaders to collaborate on innovative solutions to meet the unique credit needs of underserved communities. Register now!...

Tens of Thousands of Handwritten Comments Support Reconsideration of Small-Dollar Lending Rule

May 16, 2019 | Federal & CFPB Regulations

Vast majority of overall comments support reconsideration, urge CFPB to protect access to credit...

CFSA Submits Statement for the Record on House Financial Services Committee Hearing

April 30, 2019 | Federal & CFPB Regulations

CFSA Submits Statement for the Record on House Financial Services Committee Hearing...

In The News: CFPB Can Right Past Wrongs of Small-Dollar Lending Rule

April 29, 2019 | In The News

The demand for credit will exist whether or not small-dollar loans are available. The CFPB now has the chance to take a new approach to small-dollar lending: one that appropriately balances consumer protection with access to credit....