The Community Financial Services Association of America retained CRA to evaluate the likely impact on small payday lenders of the rules under consideration by the Consumer Financial Protection Bureau. This study includes an evaluation of the impact on the payday lending revenues and profitability of small payday lenders. To read the report, click the link below.
Community credit needs assessments—why now?
The CFPB has discarded the statistically based analyses that were key to investigating and uncovering systematic patterns. While institutions may find the...