CFSA Statement on Upcoming Comments By President Obama on payday advances and CFPB's Richmond

Community Financial solutions Association of America (CFSA) ceo Dennis Shaul issued the following declaration in advance of expected remarks by President Barack Obama in Birmingham, Alabama , regarding the problem of payday advances, that is planned to coincide utilizing the Consumer Financial Protection Bureau field hearing on federal cash advance laws. "The Community Financial solutions Association welcomes a discussion that is national just how to well give customers' short-term, little buck credit requirements, which is…