The Financial Service Centers of America responds to the recently released report from the CFPB on Payday Lending and Deposit Advance Products:

“FiSCA continues to support ready access to simple, convenient and transparent short-term, small dollar credit by consumers facing financial shortfalls.  The CFPB report, which recognizes that demand exists for small dollar credit products and that these types of credit products can be helpful for consumers, raises concerns about payday loans […]