Advocating for access to financial services
for all Americans
  
 
 
 
 
WELCOME

The Coalition for Financial Choice is comprised of companies, trade associations and other organizations that believe that all Americans are entitled to basic fundamental rights with regard to financial services. The mission of the Coalition is to:

  • Advocate for equal access to financial services and credit for all consumers
  • Encourage innovation in providing financial services in order to lower consumer costs
  • Improve consumer protections through education, disclosure and transparency in all financial transactions
  • Help consumers build credit and provide them with opportunities to create savings and build wealth

To learn more click on About Us.

PRESERVE AMERICANS’ ACCESS TO FINANCIAL SERVICES

Elected officials are trying to restrict access to many financial services, including small loans. Help us protect your right to access these products at locations that are convenient for you. Sign up and join our fight to preserve choice in financial services.

ACTION ALERT

Contact Congress Now!
Tell them you don’t want them limiting your access to personal financial services. Click here to find your representatives in Congress and send them a note supporting continued access to financial services that are fast, convenient and fairly priced.

CFC Commentary

Washington Update

In late January, Rep. Barney Frank (D-MA), Chairman of the House Financial Services Committee, issued a memo to members of his committee regarding the proposed Consumer Financial Protection Agency and “Inaccuracies about CFPA Exemptions.” In his memo, Frank stated, “Importantly, the new agency will also have authority with respect to the now lightly or unregulated institutions such as payday lenders and check cashers firms which are especially important to lower income families.”

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Consumers In Ohio Will Be Harmed By Recent Legislation Effectively Banning Payday Loans

GAO study on banking fees

Federal Reserve Bank of New York Payday Holiday: How Households Fare After Payday Credit Bans (PDF)

Letter to the DOD regarding implementation of the “Talent Amendment” regulating small dollar, short term loans (PDF)

Letter to the FDIC regarding its draft guidelines on small dollar loans (PDF)

Coalition for financial choice advocates for basic rights in financial services for all consumers (PDF)