Archive for the ‘payday loans advance’ Category

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

Thursday, March 4th, 2021

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

TESTIMONY OF

RICHARD SEARCH

PRESIDENT & CEO,

CUSTOMER BANKERS ASSOCIATION

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

PAY DAY LOANS: SHORT-TERM SOLUTION OR LONG-TERM PROBLEM?

Chairman Nelson, Ranking Member Collins and people of the Committee, many thanks for the possibility to talk about the short-term liquidity requirements of US customers and bank deposit advance services and products. I am Richard search and I also have always been President and CEO for the customer

Bankers Association (“CBA”). 1

Presently Dakota Dunes SD payday loans, a calculated 76% of all of the Americans reside paycheck to paycheck. 2 The economy has remained stagnant making customers with less pillow for emergencies, strained credit scores, and fewer credit choices, making usage of fairly priced short-term liquidity items all that more important. (more…)