CFSA Announces "Lending Hands" To Assist Hurricane Recovery

         CFSA Announces "Lending Hands" To Assist Hurricane Recovery

PR Newswire

WASHINGTON, Nov. 8, 2012

Community lenders to make donations to the American Red Cross for money
transfers to impacted areas

WASHINGTON, Nov. 8, 2012 /PRNewswire-USNewswire/ -- As part of its ongoing
commitment to support local communities, today the Community Financial
Services Association of America (CFSA), the national trade association of
regulated storefront payday lenders, announced Lending Hands, an initiative in
partnership with MoneyGram International (MoneyGram) and the U.S. Hispanic
Chamber of Commerce (USHCC) to assist people and businesses in areas affected
by Hurricane Sandy.


Through this effort, MoneyGram will make a $1 donation per transaction up to
$200,000 to the American Red Cross for each money transfer sent in November to
areas impacted by Hurricane Sandy. Participating CFSA members will match
MoneyGram's $1 dollar contribution for each qualifying money transfer made
from their locations to the affected areas, which include New Jersey, Southern
New York, Connecticut, and Eastern Pennsylvania.

"Millions of Americans face the daunting task of rebuilding their lives, homes
and businesses in the wake of Hurricane Sandy," said Dennis Shaul, CEO of
CFSA. "We want to make that easier in the best way we know how – by
facilitating their access to funds and ensuring financial support reaches the
people who need it most, when they need it most. Our member companies are
proud to join forces with MoneyGram in offering donations."

In addition, MoneyGram is waiving the transaction fee for customers who make
donations to the American Red Cross using its ExpressPayment® service.

"During a crisis, every minute and every dollar count. Our goal is to make it
easier to send money to the areas impacted most by Hurricane Sandy," said
Pamela Patsley, chairman and CEO, MoneyGram. "We are working closely with the
American Red Cross and our U.S. agents to ensure money sent to this area will
quickly and reliably get to the people who need it most."

"The USHCC applauds the alternative financial services industry for its
heartfelt generosity and efforts to alleviate the financial difficulties faced
by so many in the wake of this disaster," said Javier Palomarez, president and
CEO, USHCC. "While there is certainly a long road to recovery, it is through
initiatives like this that families and businesses along the east coast will
be able to take important steps toward rebuilding. We sincerely thank CFSA,
its members, and MoneyGram for leading these efforts."

About CFSA
The Community Financial Services Association of America (CFSA) is the national
organization dedicated to advancing financial empowerment for consumers
through small dollar, short-term loans. Now in its 13th year, CFSA was
established to promote laws and regulations that protect consumers, while
preserving their access to credit options, and to support and encourage
responsible payday advance industry practices. Learn more at

About MoneyGram
MoneyGram, a leading global money transfer company, enables consumers who are
not fully served by traditional financial institutions to meet their financial
needs. MoneyGram offers money transfer services worldwide and bill payment
services in the United States and Canada through a global network of more than
284,000 agent locations--including retailers, international post offices and
financial institutions--in 196 countries and territories around the world. To
learn more about money transfer or bill payment at an agent location or
online, please visit or connect with us on Facebook.

Founded in 1979, the USHCC actively promotes the economic growth and
development of Hispanic entrepreneurs and represents the interests of over 3
million Hispanic-owned businesses in the United States that generate nearly
$465 billion annually. It also serves as the umbrella organization for more
than 200 local Hispanic chambers in the United States and Puerto Rico.

SOURCE Community Financial Services Association of America (CFSA)

Contact: Amy Cantu, +1-703-842-2092
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