Research and Surveys

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

April 29, 2019 | CFSA Commentary

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....

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WSJ: A Partial Payday Reprieve

February 20, 2019 | Relevant News

Don’t buy the hype that the Trump crowd is “weakening” rules and leaving Americans susceptible to dangerous practices. The payday rewrite is a welcome first step toward regulatory modesty on an industry whose offense is being politically unpopular....

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CFSA Statement on New CFPB Small-Dollar Lending Rule

February 6, 2019 | Federal & CFPB Regulations

We are pleased by today’s announcement that the CFPB is proposing to rescind part of its 2017 final rule and to delay the compliance date. These rulemakings are good first steps, and we appreciate that the CFPB has recognized some of the critical flaws of the final rule as promulgated during former Director Richard Cordray’s tenure. ...

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Statement on Confirmation of Kathy Kraninger as BCFP Director

December 6, 2018 | Federal & CFPB Regulations

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

November 7, 2018 | Press Releases

Court Stays Rule Implementation While Bureau Revisits Rulemaking...

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The Hill: Frank Keating: Operation Choke Point Reveals True Injustices of Obama’s Justice Departme

November 7, 2018 | Relevant News

Frank Keating: "I know what a thorough and fair investigation looks like. I have served as an FBI agent and U.S. Attorney in Oklahoma. I was also the third-ranking official at the DOJ during the Reagan administration in charge of all criminal matters. At all times, I strived to proceed with due process, the way our founders intended. However, the clandestine Operation Choke Point had more in common with a purge of ideological foes than a regulatory enforcement action."...

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TownHall: Payday loan ‘protections’ would harm millions of struggling Americans

November 7, 2018 | Relevant News

Like many policies promulgated by out-of-touch politicians and bureaucrats, payday lending restrictions hurt the very people they are intended to help. The 80 percent of Americans who live paycheck to paycheck need access to emergency loans when something goes wrong. Squeezing out short-term lenders will only hurt struggling families. ...

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

October 12, 2018 | Press Releases

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

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