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.
COVID-19 crisis – Mortgage forbearance considerations
During the current COVID-19 crisis, many financial institutions have responded by tightening their lending standards while increasing allowable forbearance...