CFPB Rule Will Harm American Jobs And The Economy

Sept. 15, 2016 By Amy Cantu CFSA | Director of Communications The Consumer Financial Protection Bureau’s (CFPB) proposed rule will effectively wipe out the payday lending industry and in turn destroy thousands of American jobs. This will have disastrous repercussions for the national and state economies, and eliminate billions of dollars in important tax revenue. […]

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CFPB Ignored Positive Payday Customer Testimonials

New Documents Reveal More Than 12,000 Positive Payday Lending Stories Were Submitted Alexandria, Va. – New documents released today reveal for the first time more than 12,000 positive testimonials that payday loan customers submitted to the Consumer Financial Protection Bureau (CFPB) as part of the Bureau’s “Tell Your Story” initiative. These positive consumer stories, which […]

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CFPB Ignores Research In Small Dollar Lending Rule

The Consumer Financial Protection Bureau’s (CFPB) proposed regulations on short-term lending, which were formulated without proper research or input from consumers, will eliminate access to credit for millions of Americans and severely harm local and state economies. GUEST BLOG by Amy Cantu CFSA | Director of Communications While the Bureau presumes consumers are harmed by […]

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What Minority Communities Are Saying About the CFPB Rule for Small-Dollar Lending

August 4 GUEST BLOG: AMY CANTU CFSA Director of Communications The CFPB’s proposed rule for payday and other small-dollar loans will eliminate access to credit for millions of Americans, with particularly devastating consequences for minority communities. The CFPB has not considered the opinions of consumers across the country in its rulemaking process, including leaders of […]

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CFPB REPORT: Downward Trend Continues for Payday Complaints

GUEST BLOG By Amy Cantu CFSA, Director of Communications August 1, 2016 In the Consumer Financial Protection Bureau’s (CFPB) latest consumer complaint report, complaints attributed to payday loans showed the greatest percentage decrease from April – June 2015 (453 complaints) to April – June 2016 (383 complaints), representing a 15 percent decline. Overall, payday loans […]

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Let Your Voice Be Heard – NOW is the Time!

July 26, 2016 By Terry Freeze, COO eSoftware Solutions, home of eCash Software The “Credit Strengthens Communities” website enables Payday Loan CUSTOMERS AND SUPPORTERS to submit a letter to the CFPB and voice their concerns about its proposed rule. The CFPB published the Payday Lending Rule in Federal Register on July 22. This extends the deadline for public comments […]

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