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CFSA Statement on Upcoming Comments By President Obama on pay day loans and CFPB’s Richmond, Virginia Field Hearing on New Federal Payday Regulations

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Community Financial solutions Association of America (CFSA) ceo Dennis Shaul issued the following declaration in advance of expected feedback by President Barack Obama in Birmingham, Alabama , in the problem of payday advances, that is planned to coincide using the customer Financial Protection Bureau field hearing on federal cash advance laws.

“The Community Financial solutions Association welcomes a nationwide conversation on just how to well give customers’ short-term, tiny buck credit requirements, which is highlighted tomorrow in feedback from President Obama and A customer Financial Protection Bureau industry hearing.

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