CFSA-FiSCA Joint Statement on COVID-19

In response to the COVID-19 pandemic and its impact on the consumer financial services industry, the Community Financial Services Association of America (CFSA) and the Financial Service Centers of America (FiSCA) jointly issued the following statement on behalf of FiSCA Executive Director, Ed D’Alessio, and CFSA Chairman, D. Lynn DeVault....

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

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. ...

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

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....

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

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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In The News: CFPB's Structural Flaws Come to Light Amid Change in Leadership

Political interference in the workings of the allegedly-independent Bureau is nothing new, and underscores the major flaws in the CFPB’s structure — specifically its single director. This partisan interference will pervade the Bureau regardless of which party controls the White House or Congress, and it must be addressed....

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In The News: Mick Mulvaney Is Right To Reform CFPB

Acting Director Mick Mulvaney is right to move to reform the bureau and separate it entirely from partisan politics. Only then can it become the independent agency Congress envisioned....

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CFPB should make sure payday rule reboot meets consumer needs

The federal government and the entire financial services industry have a duty to help Americans understand their consumer rights so they can make well-informed decisions with their money — but it is unclear how often this is happening. ...

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In The News: CFPB Should Make Sure Payday Rule Reboot Meets Consumer Neets

National Consumer Protection Week gives us an important opportunity to reflect on whether we are truly listening to the wants and needs of American consumers.

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