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The Community Financial Services Association of America (CFSA), a leading industry group for payday lenders, maintains that predatory payday lending behavior is the result of a group of bad apples, not a systemic feature of the industry. In an email to Al Jazeera, CFSA spokeswoman Amy Cantu cited the CFPB’s July report, which finds payday loan complaints to be a tiny fraction of the total annual complaints received (in 2013, total complaints numbered 163,700). http://k3e.ru
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It sent letter to the 50 largest payday lenders after officials reported in March that they had found evidence of problems 'throughout the lifecycle' of payday loans, from advertising to debt collection, and across the sector, including by leading lenders that are members of established trade associations. youtube vimeo nuvi 2450lm manual
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