Payday Loans/Car Title/Other

Consumer Information

Press Releases

Studies

Testimony and Comments


Consumer Information

  • For consumer information about payday loans, click here.
  • Research Findings Illustrate the High Risk of High-Cost Short-Term Loans for Consumers, 02/18/09. (PDF)

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Press Releases

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Studies

  • Driven to Disaster: Car-Title Lending and It's Impact on Consumers, 02/28/2013. (PDF)
  • Car-Title Loan Law Chart, 12/2/12. (PDF)
  • Factsheet: H.R. 6139 Does Not Exclude Payday Lenders from Federal Charter Bill, 08/30/12. (PDF)
  • The Military Lending Act Five Years Later, 05/30/12. (PDF)
  • CFA Summary of FTC Actions Related to Online Payday Loans, 10/25/11. (PDF)
  • CFA Survey of Online Payday Loan Websites, 08/31/11. (PDF)
  • 50-State Small Dollar Loan Scorecard, 5/12/10. (PDF)
  • Fringe Financial Product Privacy and Security White Paper, 09/16/09. (PDF)
  • Driven into Debt: CFA Car Title Loan Store and Online Survey, 11/17/05. (PDF)
  • Car Title Lending: Driving Borrowers to Financial Ruin, 04/17/05. (PDF)
  • Internet Payday Lending: How High-Priced Lenders Use the Internet to Mire Borrowers in Debt and Evade State Consumer Protections, 11/30/04. (PDF)
  • Unsafe and Unsound: Payday Lenders Hide Behind FDIC Bank Charters to Peddle Usury, 03/30/04. (PDF)

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Testimony and Comments

  • Consumer Group Letter to Senate Committee on Commerce, Science, and Transportation on Payment Processing, 10/24/2013. (PDF)
  • Consumer Group Letter to House Committee on Energy and Commerce on Payment Processing, 10/24/2013. (PDF)
  • Consumer Groups File Comments to Federal Reserve and CFPB Regarding Remotely Created Checks and Payment Orders, 09/18/2013. (PDF)
  • CFA Joins Consumer, Community, and Civil Rights Groups Asking the DoD to Protect Service Members Under the Military Lending Act, 08/01/2013. (PDF)
  • Consumer Groups Urge the DoD to Expand the Military Lending Act's Protections, 08/01/2013. (PDF)
  • CFA and Other Consumer Groups File Comments with FDIC and OCC on Proposed Guidance on Deposit Advance Products, 05/30/2013. (PDF)
  • CFA Comments on FDIC and OCC Proposed Guidance on Deposit Advance Products, 05/29/2013. (PDF)
  • Consumer and Community Groups Support the Protecting Consumers from Unreasonable Credit Rates Act of 2013, 04/09/2013. (PDF)
  • Consumer Groups’ Letter to Congressional Leaders on 2013 Consumer Priorities, 02/01/13. (PDF)
  • Consumer Groups’ Letter to President Obama on 2013 Consumer Priorities, 02/01/13. (PDF)
  • An Agenda to Ensure Consumers are Heard, 02/01/13. (PDF)
  • Consumer Groups Urge the CFPB to Ban Overdraft Fees and Payday Loans on Prepaid Cards, 07/25/12 (Long Form) (Annotated)
  • Consumer Groups Urge Senate to Safeguard Consumers from Risky Online Payday Lending, 07/24/12 (PDF)
  • Consumer Rental-Purchase Agreement Act Is Unfair To Rent-to-Own Consumers, 06/29/12. (PDF)
  • CFA Supports Stronger Credit Protections for Servicemembers, 06/27/12. (PDF)
  • Consumer Groups Oppose H.R. 1909, “Federal Financial Services and Credit Companies Charter Act of 2011, 06/20/12. (PDF)
  • CFA Joins NCLC and CRL on Letter to Bank Regulators Regarding Urban Bank Trust and CheckSmart Merger 05/04/12. (PDF)
  • Comments to the Consumer Financial Protection Bureau on Payday Lending Abuses, 04/27/12. (PDF)
  • Comments to CFPB Regarding Consumer Financial Products and Services Offered to Servicemembers, 09/21/11. (PDF)
  • Consumer Groups' Comments to the OCC on Bank Payday Loans, 08/09/11. (PDF)
  • Consumer and Community Groups Tell Congress to Stop Abusive Online Payday Lending and Support a Strong CFPB, 05/11/11. (PDF)
  • CFA Urges Congress to Pass the Dodd-Frank Conference Report Immediately, House Version, 06/28/10. (PDF)
  • Letter to the Senate on Consumer Priorities in Financial Regulatory Reform Conference, 06/08/10. (PDF)
  • Letter to the House on Consumer Priorities in Financial Regulatory Reform Conference, 06/08/10. (PDF)
  • Testimony of Jean Ann Fox to the Arizona Senate Appropriations Committee on Payday Lending, 3/16/10. (PDF)
  • CFA and CU Urge the House Rules Committee to Pass Gutierrez Amendment 138, 12/8/09. (PDF)
  • Comments Regarding Cooling-Off Rule Regulatory Review, 9/25/09. (PDF)
  • Position Paper: The Need for High Cost Lending Consumer Protections, 08/12/09. [PDF]
  • Testimony of Jean Ann Fox before the Subcommittee on Financial Institutions and Consumer Credit Regarding H.R. 1214, the Payday Loan Reform Act of 2009, 04/02/09. (PDF)
  • 100 + Diverse National and State Groups Support Speier’s H.R. 1608 Bill, 03/23/09. (PDF)
  • Consumer and Community Groups Oppose H.R. 1214, 03/17/09. (PDF)
  • 100 + Diverse National and State Groups Support Durbin’s S. 500 Bill, 03/02/09. (PDF)
  • Research Findings Illustrate the High Risk of High-Cost Short-Term Loans for Consumers, 02/18/09. (PDF)
  • Consumer Federation Joins NCLC and Other Consumer Interest Groups in Testimony before the House Ways and Means Committee on Protecting Social Security Beneficiaries from Predatory Lending, 06/24/08. (PDF)
  • Testimony of Jean Ann Fox before the House Ways and Means Committee on Protecting Social Security Beneficiaries from Predatory Lending, 06/24/08. (PDF)
  • CFA, NCLC and CU Comments to Social Security Administration Regarding the Use of Master and Sub Account Arrangements for the Payment of Benefits, 06/20/08. (PDF)
  • CFA Comments to Department of Defense on Implementation of Military Lending Act Rules, 02/25/08. (PDF)
  • Group Letter to Representative Udall Regarding the Payday Loan Reform Act of 2007, 06/26/07. (PDF)
  • Consumer Group Comments to the DOD on the Proposed Rulemaking: Limitations on Terms of Consumer Credit Extended to Service Members and Dependents, 06/11/07. (PDF)
  • Consumer Group Statement on Proposed Department of Defense Predatory Lending Regulation, 04/11/07. (PDF)
  • Consumer Group Comments to Department of Defense Regarding Limitations on Terms of Consumer Credit Extended to Service Members and Dependents, 03/21/07. (PDF)
  • Testimony of CFA’s Jean Ann Fox before the House Oversight and Domestic Reform Subcommittee on Domestic Policy Regarding Foreclosure, Predatory Lending and Payday Lending in America’s Cities, 02/05/07. (PDF)
  • Military Lending Talent Amendment Letter to Conferees, 09/07/06. (PDF)
  • Military Lending Talent Amendment Floor Letter, 07/27/06. (PDF)
  • Testimony of CFA's Travis Plunkett on Current Proposals Considered for Regulatory Relief Legislation, 06/21/05. (PDF)
  • Letter to FDIC on First Bank of Delaware, 10/09/03. (PDF)
  • Consumer Groups Urge FDIC to Enforce New Payday Loan Guidelines, 07/11/03. (PDF)
  • Letter to FDIC on Payday Lending by Republic Bank and Trust, 05/20/03. (PDF)
  • Federal Reserve Member Banks Not For Rent, 04/14/03. (PDF)
  • Comments of CFA and other 15 national and local consumer groups on new FDIC Draft Guidelines for Payday Lending, 03/14/03. (PDF)
  • CFA Comments to FDIC on Draft Payday Loan Guidelines, 03/02/03. (PDF)
  • Federal Thrifts Not for Rent, 01/03/03. (Read More)
  • National Consumer and Community Group Payday Loan Letter to Congress, 10/07/02. (PDF)

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