Latest News
Showing the Latest Community Financial Services Association of America (CFSA) Results
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Payday Lenders Suing CFPB Endorse Mulvaney Ally for CFPB Director
Industry trade group with history of misleading government regulators endorsed Mulvaney subordinate nominated over weekend for CFPB director.
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Collusion: Mulvaney and Payday Lenders Join Forces in Court to Stop CFPB Payday Rule
Mulvaney has taken tens of thousands of dollars from payday lenders and repeatedly taken actions to help them at CFPB.
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Payday Lenders Gather at Trump Resort to Cement Years-Long Courtship
Report examines how the payday lending industry courted Trump from candidate to President-elect to President and how they plan to cash in.
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Payday Lending Trade Group’s CFPB Lawsuit Based on Deception, Lies
Group orchestrated a premeditated and deliberate attempt to sabotage the CFPB, now defends hundreds of thousands of bogus comments.
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Memo to Media: Beware of Shady Payday Industry Sources When Writing Your Stories
Those who opposed this payday lending rule in the past have demonstrated they are not trustworthy sources of information when it comes to this issue.
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Politico: Payday-Lending Crackdown Draws 1.4 Million Letters of Protest
“It’s very suspicious,” said Karl Frisch, executive director of Allied Progress, a left-leaning nonprofit. “We’re not just talking about language that’s nice to payday lenders. Or talks about a generic need for a payday loan. We’re talking about specific experiences that are repeated in letters.”
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With Public Comment Ending Tonight, CFPB Must Scrutinize Suspicious Pro-Payday Submissions
Individually submitted “personal” public comments defending industry contained many of the exact same sentences.
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CBS Money Watch: The Fight Over New Payday Lending Rules Gets Nasty
Consumer advocates are crying foul, saying the public comment submissions for the CFPB’s payday lending rule repeat an alarming number of identical passages.
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CU Today: Payday Loan Trade Group Accused Of Manufacturing ‘Positive’ Stories
A consumer group is accusing the trade association for the payday loan industry of fabricating some of the “personal” stories it has included in a press release it published that claimed the CFPB was ignoring “positive” stories from payday loan customers.
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Morning Consult: Group Alleges Cut-and-Paste Job in CFPB Comments Favorable to Payday Loans
A left-leaning advocacy group on Monday said it has found hundreds of positive consumer testimonials about payday loans using identical language on the CFPB’s website, and it wants the agency to scrutinize the validity of those comments.