New Mexico AG King – Payday Loan Lender Fastbucks Loses

By | Sep 28, 2012

AG Wins Lawsuit Against Fastbucks Payday Loan Lender…$10,000,000 Restitution Expected Wednesday, September 26, 2012 (SANTA FE)—Attorney General Gary King prevailed today in the three year legal battle against small loan lender FastBucks, LLC.  The company, with offices around New Mexico, was ordered to pay restitution to consumers; to stop making illegal loans; and will be […]

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Tribe Payday Loans- The Native American Financial Services Association (NAFSA) Fed’s Continued Commitment

By | Sep 25, 2012

We discuss the entrance of Native American Tribe lending  in regards to payday loan, car title and other microlending niches often. Thanks to Allen Parker at Consultants4Tribes.com for bringing this important news to our attention: WASHINGTON (September 25, 2012) – The Native American Financial Services Association (NAFSA) today applauded the Senate Committee on Indian Affairs’ […]

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Alabama-Regions to Lower Cost of Payday Loans

By | Sep 21, 2012

Alabama-Regions to Lower Cost of Payday Loans “Ah… the capitalistic system is working nicely. We see consumer rates coming down for payday type small dollar loans. We witness the entry of sovereign tribes as direct lenders adding increased competition to the B&C’s. We hear about offshore lenders lacking access to the U.S. consumer financial data. […]

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Payday Loans Legal Again in Pennsylvania?

By | Sep 19, 2012

Since Internet payday loan lenders have been offering their product to residents of PA for years, Harrisburg is thinking of bringing payday lending back — with new protections. “It is already easy to take out a payday loan in Pennsylvania because all you have to do is pick up the telephone or go on the […]

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Tribe Payday Loan Business – CNBC Report Wrongheaded

By | Sep 18, 2012

“A little known loophole is letting some payday loan companies dodge state laws and charge interest rates much higher than the states would otherwise allow, a CNBC investigation has found.” Your CNBC team must have been under a rock the past 10+ years. Payday loans have been offered via the tribe “sovereign nation model” for […]

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