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

CBA PRESIDENT & CEO RICHARD SEARCH, TESTIMONY ‘DEPOSIT ADVANCE PRODUCTS’ CUSTOMER BANKERS ASSOCIATION BEFORE THE UNITED STATES OF AMERICA SENATE SPECIAL COMMITTEE ON AGING “PAYDAY LOANS: SHORT-TERM SOLUTION OR LONG-TERM PROBLEM?” Chairman Nelson, Ranking Member Collins and users of the Committee, many thanks for the chance to talk about the short-term liquidity requirements of US customers and bank deposit advance items. I am Richard search and I also have always been President and CEO for the customer Bankers Association (“CBA”). 1...

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