8 Attitudes and panorama on Government Regulation The opinion among borrowers is the fact that government should enable them to make their very own alternatives whenever it comes down with their finances.

significantly more than nine in ten borrowers agree totally that: o it must be their choice whether or otherwise not to make use of payday financing, not the government s choice (95%); and o they ought to have the ability to make their particular economic choices without federal government interference (94%). Somewhat fewer (88%) feel that they must be able to regulate how usually they take out an online payday loan and never be tied to federal government restrictions. One in five (21%) borrowers agree totally that the national federal government should impose tighter restrictions on pay day loans, even when this means it could be more challenging to allow them to get an online payday loan (77% disagree). A majority of borrowers are in opposition to many potential government regulations that will influence cash advance clients, nevertheless some laws do receive borrower support. Two- thirds of borrowers oppose prospective federal federal government laws that would: o Require credit- bureau checks of pay day loan clients before these are generally permitted to borrow funds (64%); and o Restrict the sheer number of loans clients may take call at a(63%) year. But: o Three in five (59%) borrowers favor the federal government limits that are setting the buck sum of money clients can borrow at once; and o Two in five (41%) benefit the us government restricting how many times an individual can renew or expand that loan. 8

9 Appendix Instructions provided for Member businesses for Sample Pull CFSA has commissioned Harris Interactive, a leading research company most commonly known for The Harris Poll, to conduct a study among its people pay day loan borrowers. The outcome with this research will undoubtedly be utilized in press materials to show the many benefits of payday financing for CFSA clients also to refute other research within the public domain that has shed an adverse light on payday lending all together. Fundamentally, at the least 1,000 cash advance borrowers will likely to be interviewed by telephone, randomly chosen from a compiled database of borrowers from all participating organizations within CFSA. We have been asking each member that is participating to deliver a comprehensive selection of their borrowers whom meet the next criteria: 1. Took out a preliminary two- week, due- on- cash advance from the brick- and- mortar location; 2. Had a genuine loan quantity significantly less than or add up to $700; 3.

Made repayment that is final of loan, including all rollovers,

between July 1, 2013 and August 15, 2013, having a zero stability currently as well as for at the very least 2 weeks; and 4. found in virtually any state by which two- week, due- on- cash advance is lawfully available under any borrower- state regulatory scheme, except Virginia and Colorado. See directory of states that ought to be included below. When these customers have already been identified, Harris calls for these listings become delivered in Microsoft Excel extendable. In the file, each line should include information unique to individual customers, and every line ought to be designated to put on a particular variable. All columns ought to be labeled utilizing the adjustable title. Factors to consist of for every single client (one per line) are: Гј Title ( ag e.g., Mr., Ms., Dr.) Гј First name Гј name that is final Zip rule of shop location (five digits just) Гј Home telephone number (if known ten digits without any dashes or areas in between) Гј Mobile phone number (if understood ten digits with no dashes or areas in between) Гј Date many present loan had been initiated (MM/DD/YYYY) Гј Date newest loan had been repaid (MM/DD/YYYY) Гј Original amount on most recent loan (whole dollars only) Гј Principal amount outstanding at time of final repayment (entire bucks just) Гј D/b/a name of lender with cashland whom borrower dealt (i.e., name debtor will recognize). Consumer list files must be labeled as CFSA_Company name_customer List_date and delivered via , aided by the file title within the line that is subject straight to Andrea Pieters, a researcher at Harris that is taking care of this study. Her target is and you may contact her with any queries via or phone at All information supplied to Harris or derived by Harris with this study will likely be held in self- confidence relative to a comprehensive privacy and Data Security Agreement dated June 10, 2013 between Harris and CFSA. 9

10 States to incorporate: 1. Alabama 2. Alaska 3. Ca 4. Delaware 5. Florida 6. Hawaii 7. Idaho 8. Illinois 9. Indiana 10. Iowa 11. Kansas 12. Kentucky 13. Louisiana 14. Michigan 15. Minnesota 16. Mississippi 17. Missouri 18. Nebraska 19. Nevada 20. Brand New Mexico 21. North Dakota 22. Ohio 23. Oklahoma 24. Rhode Island 25. Sc 26. Southern Dakota 27. Tennessee 28. Texas 29. Utah 30. Washington 31. Wisconsin 32. Wyoming 10

11 Respondent Demographics Gender Male Female Age suggest Race/Ethnicity White Black/African United states Hispanic Mixed competition Native American or Alaskan Native Asian or Pacific Islander several other battle Decline to respond to Household Income significantly less than $25K ( inter Net) Total n=1,004 37% 63% per cent 23% 13% 4% 34% $25K to lower than $50K ( inter Net) 36% $50K or maybe more ( Net) 25% Decline to respond to Education twelfth grade or less ( inter inter Net) Some college/associates ( inter Net) college education or higher ( inter Net) Decline to respond to 5% 41percent 38% 20% 1% work Status Employed complete time Employed component time Self- used maybe Not employed, but searching for work perhaps Not used, rather than hunting for work resigned Not employed, as a result of disability or infection Student Stay- at- home spouse or partner Decline to respond to Marital Status Never married Married/Living with partner ( inter Net) hitched or civil union coping with partner Divorced Separated Widowed Decline to answer Total n=1,004 54% 9% 3% 3% 1% 14% 13% 1% * 24% 43% 40% 3% 20% 4% 8% 11

12 Borrower Profile complete n=1,004 quantity of loans removed from shop in previous year 0 * 1 9% 2 10% 3 11% 4 9% 5 7percent percent 16% 13% 21+ 6% Mean 7.6 Initial level of loan repaid past summer $200 or less ( Net) 23% $201- $499 ( inter inter Net) 49% $500 or maybe more ( Net) 28% Mean $ personal- rating of current financial situation Excellent/Good ( inter inter Net) Excellent Good Fair/Poor (Net) Fair Poor 40% 8% 3 60% 43% 17% personal- score understanding of individual finance A/B (Net) C A B D/F (Net) D F Paying bills and financial obligation category No debts in collection ( inter Net) You spend your bills on time and now have no debts in collection. You often skip a repayment but don’t have any debts in collection. You battle to spend your bills every thirty days but haven’t any debts in collection. You find it difficult to spend your bills every and are getting calls from debt collectors month. You will be really considering filing for bankruptcy or have actually filed for bankruptcy into the previous 3 years. You’re not involved at all in virtually any monetary decisions including just exactly how cash is invested in your household. Total n=1,004 56% 16% 40% 36% 7% 6% 76% 33% 23% 20% 16% 5% 1%