CBA Statement on Deposit Advance Products
April 24, 2013
April 24, 2013
WASHINGTON, April 24 -- The Consumer Bankers Association issued the following news release:
Statement of Richard Hunt, President and CEO, Consumer Banker's Association:
"CBA believes all products should be offered in a clear and transparent manner, and no product should force consumers into a "debt trap".
CBA member banks who offer deposit advance products already mandate "cooling off" periods for consumers.
Man . . .
Statement of Richard Hunt, President and CEO, Consumer Banker's Association:
"CBA believes all products should be offered in a clear and transparent manner, and no product should force consumers into a "debt trap".
CBA member banks who offer deposit advance products already mandate "cooling off" periods for consumers.
Man . . .