CBA PRESIDENT & CEO RICHARD SEARCH, TESTIMONY ‘DEPOSIT ADVANCE PRODUCTS’

CBA PRESIDENT & CEO RICHARD SEARCH, TESTIMONY ‘DEPOSIT <a href="https://personalbadcreditloans.net/reviews/funds-joy-loans-review/">is funds joy loans a payday loan</a> ADVANCE PRODUCTS’

CUSTOMER BANKERS ASSOCIATION

PRIOR TO THE UNITED STATES OF AMERICA SENATE SPECIAL COMMITTEE ON AGING

“PAYDAY LOANS: SHORT-TERM SOLUTION OR LONG-TERM PROBLEM?”

Chairman Nelson, Ranking Member Collins and people in the Committee, many thanks for the chance to talk about the liquidity that is short-term of US customers and bank deposit advance items. I’m Richard search and I also have always been President and CEO for the Consumer

Bankers Association (“CBA”). 1

Presently, an believed 76% of all of the Americans live paycheck to paycheck. 2 The economy has remained stagnant making customers with less pillow for emergencies, strained credit scores, and less credit choices, making usage of fairly priced short-term liquidity services and products all of that more important. Leia mais