Managing household finances can be a daunting task. However, by using solid budgeting and savings techniques, you can accomplish major financial goals. In the Customer Resource Center, CFSA offers a variety of payday advance resources that support and encourage responsible lending practices, and highlight the vital role of our members’ stores in neighborhoods near you.
Thanks for visiting the CFSA Web site. CFSA values you as a member and is constantly seeking new ways to enhance your membership experience. As such, the information in this section is restricted to members only. If you are a CFSA member, please enter your username and password. If you have forgotten your login info, send an e-mail to Member@CFSAA.com.
Thursday, November 8, 2012 • CFSA
As part of its ongoing commitment to support local communities, today the Community Financial Services Association of America (CFSA), the national trade association of regulated storefront payday lenders, announced Lending Hands, an initiative in partnership with MoneyGram International (MoneyGram) and the U.S. Hispanic Chamber of Commerce (USHCC) to assist people and businesses in areas affected by Hurricane Sandy.
Through this effort, MoneyGram will make a $1 donation per transaction up to $200,000 to the American Red Cross for each money transfer sent in November to areas impacted by Hurricane Sandy. Participating CFSA members will match MoneyGram’s $1 dollar contribution for each qualifying money transfer made from their locations to the affected areas, which include New Jersey, Southern New York, Connecticut, and Eastern Pennsylvania.
“Millions of Americans face the daunting task of rebuilding their lives, homes and businesses in the wake of Hurricane Sandy,” said Dennis Shaul, CEO of CFSA. “We want to make that easier in the best way we know how – by facilitating their access to funds and ensuring financial support reaches the people who need it most, when they need it most. Our member companies are proud to join forces with MoneyGram in offering donations.”
In addition, MoneyGram is waiving the transaction fee for customers who make donations to the American Red Cross using its ExpressPayment® service.
“During a crisis, every minute and every dollar count. Our goal is to make it easier to send money to the areas impacted most by Hurricane Sandy,” said Pamela Patsley, chairman and CEO, MoneyGram. “We are working closely with the American Red Cross and our U.S. agents to ensure money sent to this area will quickly and reliably get to the people who need it most.”
“The USHCC applauds the alternative financial services industry for its heartfelt generosity and efforts to alleviate the financial difficulties faced by so many in the wake of this disaster,” said Javier Palomarez, president and CEO, USHCC. “While there is certainly a long road to recovery, it is through initiatives like this that families and businesses along the east coast will be able to take important steps toward rebuilding. We sincerely thank CFSA, its members, and MoneyGram for leading these efforts.”
MoneyGram, a leading global money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 284,000 agent locations--including retailers, international post offices and financial institutions--in 196 countries and territories around the world. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.
Founded in 1979, the USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and represents the interests of over 3 million Hispanic-owned businesses in the United States that generate nearly $465 billion annually. It also serves as the umbrella organization for more than 200 local Hispanic chambers in the United States and Puerto Rico.
Amy Cantu, Communications Director
For the wire release, please click here.
Here you will find an aggregate of industry research, comprehensive data, and benchmarking tools from the short-term lending industry. They cover all payday advance business areas – consumer demographics, media hits, the latest policy initiatives, among others. Click here to access to the partner's resource library.
CFSA works at the federal, state, and local levels educate legislators and regulators about the role of payday advances in the broader financial services arena. This section provides resources for policymakers who believe in access to credit, want to preserve financial options and ensure balanced, substantive consumer protections. Click here to enter the Policymaker Resource Library.