Thirty-one states have recognized the need to balance strong consumer protections while preserving access to credit through short-term payday advance regulations. And we encourage you to click on our Know Your Fee map to see if your state is one in which we operate.
At the federal level, the Federal Trade Commission regulates the industry’s marketing and trade practices and in July, 2011, the newly created Consumer Financial Protection Bureau will also have jurisdiction.
We have government affairs specialists in every state where we operate, as well as at the federal level. If you or your staff would like a briefing about the payday advance industry, the service, would like to visit a store, or would like to arrange a meeting with local lenders, please contact us at PolicymakersCFSA@MultiState.com.
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.
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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.