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Samples in periodicals archive:
The Community Financial Services Association of America, which represents payday lenders, rejects charges of preying on poor and minority communities, saying payday lenders "provide services to a broad cross section of Americans because there is widespread demand.
24, 2014 /PRNewswire-USNewswire/ -- The Community Financial Services Association of America (CFSA) today sent a letter to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray applauding the agency for taking increased action against the Hydra Group, a company that purported to be a payday lender while defrauding consumers.
The Community Financial Services Association of America, an industry group, did the math on the rates incurred with other options, and finds that a $100 bounced check garners a $54 fee, which comes out to an annual percentage rate of 1,409, and a $37 late fee on a $100 credit card balance amounts to an annual percentage rate of 965 percent.
20, 2013 /PRNewswire-USNewswire/ -- The Community Financial Services Association of America (CFSA) released the following statement in response to a report from Pew Charitable Trusts' Safe, Small Dollar Loans Research Project:
Participants in the panel discussion included representatives from the National Foundation for Credit Counseling, the Association for Financial Counseling and Planning Education, the In-Charge Institute, the American Bankers Association, America's Community Bankers, the Credit Union National Foundation, the Fannie Mae Foundation, Freddie Mac, American Express, MasterCard, Visa, the Community Financial Services Association of America, the Consumer Federation of America, the National Council of La Raza, the American Association of Retired Persons, and College Parents of America.
The average bounced check costs $6o in fees," says Billy Webster, CEO of Advance America, a payday loans company, and president of the Community Financial Services Association of America, the industry trade group.
Advance America is a wholly owned subsidiary of Grupo Elektra, one of the largest Latin American providers of banking services, consumer finance and specialty retailing and is a founding member of the Community Financial Services Association of America (CFSA), whose mission is to promote laws that provide substantive consumer protections and to encourage responsible industry practices.
8, 2012 /PRNewswire-USNewswire/ -- 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 lenders, announced Lending Hands, an initiative in partnership with MoneyGram International (MoneyGram) and the U.