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FTC data confirms overwhelming satisfaction with payday loans 1 Mar 2013 | 08:40 pm
Consumers are satisfied with their payday loans – and this comes as no surprise to CFSA members. New data out this week from the Federal Trade Commission (FTC) reinforces this: consumers simply don’t ...
The importance of knowing regulated, licensed lenders from illegal, offshore lenders 26 Feb 2013 | 11:56 pm
A recent New York Times story, “Major Banks Aid in Payday Loans Banned by States,” (Feb. 24) examined payday lending practices but lacks crucially important context, particularly in failing to differe...
19 million strong, that’s our community. 8 Dec 2012 | 01:11 am
CFSA created the following video to help tell our story to policymakers at POLITICO’s Pro Financial Services Luncheon next week, and we thought we’d share it with you. To learn more about the event, o...
CFSA members are part of many communities across the country 4 Dec 2012 | 01:42 am
As brick and mortar lenders, our member companies’ employees live and work in the neighborhoods they serve and are sensitive to the needs and concerns of our customers. For example, payday advance sto...
LENDING HANDS: CFSA teams up with MoneyGram and USHCC for Hurricane Sandy relief efforts 8 Nov 2012 | 09:39 pm
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 lend...
CFSA members who lend online follow state and federal laws 6 Nov 2012 | 12:19 am
AZFamily.com’s Channel 3 ran with this story about online lenders lending to Arizona residents even though the deferred presentment law sunset 2010. Cash Yes is not a member of CFSA. In fact, they cou...
Thanks Hinkle. Overregulation of payday loans does hurts consumers. 25 Oct 2012 | 08:00 pm
We couldn’t have said it any better. Talk about a reporter that gets it. Yesterday’s article in the Richmond Times-Dispatch, which took on the topic of storefront payday lending, is a perfect example ...
Payday lenders with honest debt collection practices 24 Oct 2012 | 10:01 pm
Debt collection is front and center as the Consumer Financial Protection Bureau (CFPB) holds a field hearing today in Seattle to gather information about the consumer debt collection market from the i...
Quote of the day: Payday loans are for consumers who can’t access traditional sources 17 Oct 2012 | 01:18 am
From our very own Amy Cantu, CFSA’s Communications Director, in an interview with the Las Vegas Sun: “We’re seeing that consumers are making a clear choice to use our product because they like the pro...
What it means to comply with payday lending laws 12 Oct 2012 | 02:39 am
As part of an ongoing education campaign that showcases how CFSA is ensuring responsible lending in the payday advance industry, this week we’re highlighting CFSA’s Best Practice on Compliance – which...
