CBA Remark Page on CFPB's Proposed Small-Dollar Rule

CBA Remark Page on CFPB’s Proposed Small-Dollar Rule

The buyer Bankers Association (“CBA”)[1] appreciates the chance to create our reviews in reaction into the Consumer Financial safeguards Bureau’s (“Bureau” or “CFPB”) notice of proposed rulemaking for payday, car name, and specific high-cost installment loans (“Proposal”). CBA highly supports effective customer defenses and, especially, the maxims of preference, transparency and fairness in consumer relationships.

CBA commends the Bureau for examining the small-dollar credit market and exactly how loan providers in the forex market fulfill consumers’ need for credit. Continue reading “CBA Remark Page on CFPB's Proposed Small-Dollar Rule”