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Community Financial Services Association of America
2025 M Street, NW, Suite 800
Washington, DC 2003
202/367-1142
202/367-2142 fax

Community Financial Services
Association of America

Established in 1999, CFSA is the cash advance industry's national trade association. Their mission is to promote laws and regulations that provide cash advance customers with substantive consumer protections while preserving their access to short-term credit options and to support and encourage responsible industry practices.

CFSA members believe that cash advances should be conducted in a safe and responsible manner and with appropriate consumer protections. A set of Best Practices standards were adopted in January 2000 to help ensure such conduct and self-govern the industry, which have been revised to address the partnering of cash advance companies with federally insured financial institutions. In 2004, CFSA also adopted a Military Best Practices that gives some extra protection to our military customers.

All CFSA member locations display the CFSA seal and Best Practices, signaling to consumers their mandatory compliance in areas such as:

  • Full disclosure of transaction terms
  • Compliance with all applicable laws
  • Truthful advertising
  • Encouragement of responsible use of the service
  • Limitation/prohibition of rollovers
  • Customer's cost-fee right of rescission
  • Appropriate collection practices
  • Prohibition of criminal prosecution
  • Member enforcement
  • Supporting Balanced Legislation

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