Ellen Bloom of Consumers Union couldn’t have said it any better:
“Reputable banks and reputable business people have absolutely nothing to fear from this agency,” says Ellen Bloom with Consumers Union,the publisher of Consumer Reports. “We just want to give the consumer an even shot and get back to clarity and simplicity and make things less confusing for them.”
Check out the following statement in one of CFSA’s most recent media statements:
CFSA member companies adhere to a set of Best Practices that ensure strong consumer protections including a simple, straightforward application process for credit which provides full disclosure of all fees and terms of their products.
What percent of payday lenders are part of CFSA? Thanks for any info!
about 60%
Yup, that’ll do it. You have my appecraiiton.