Another quote from CFPB Interim Head Raj Date at yesterday’s event in Philadelphia, most notably the topic on short-term credit:

“We also recognize that there are a variety of products which are targeted at consumers who have a short-term need for cash – including products offered outside of the traditional banking sector,” Date said. “The consumer agency has the capacity to address this range of products in an even-handed way. ”

Date said that the agency plans to examine the issue to ensure the market for short-term credit is “fair, transparent and competitive.”