CFSA Press Releases

Leading Consumer Financial Services Companies Announce INFiN, A Financial Services Alliance

Alliance creates a collective of companies dedicated to meeting the needs of consumers in a diverse and evolving financial services marketplace
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CFSA Encouraging Members to Extend Flexibility in Small-Dollar Loan Repayment During COVID-19

As businesses across the country temporarily close stores, reduce employee hours or implement other responsive measures to the growing coronavirus (COVID-19) pandemic, the Community Financial Services Association of America (CFSA) is encouraging......

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Beware of Scammers and Fraudsters during COVID-19

CFSA and its member companies are committed to continuing to meet your needs safely and responsibly while we all adjust to the ongoing coronavirus (COVID-19) pandemic. However, some bad actors are using this public health situation as an opportunity to steal your money, personal information, or both. ...

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COVID-19 Guidance

CFSA and its members are actively monitoring the situation as coronavirus (COVID-19) continues to spread, and are taking necessary precautions to ensure the health and safety of their customers, employees and communities....

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

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. ...

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

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

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CFSA Statement on New CFPB Small-Dollar Lending Rule

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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