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.
Fair lending: Considerations when searching for less discriminatory alternatives
The Consumer Financial Protection Bureau increasingly expects institutions to explore less discriminatory alternatives (LDAs) as part of their disparate impact...