How Big is the Sub-Prime Car Title Industry?

By | Nov 20, 2012

How Big is the Sub-Prime Car Title Industry? No one really knows. But this is interesting… Exeter Finance Completes $300 Million Securitization IRVING, TEXAS – Exeter Finance Corp., a specialty auto finance company, announced the completion of its second rated term securitization, issuing $300,000,000 in notes backed by subprime automobile installment receivables. The notes were […]

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Indian Owned Payday Loan Lender?

By | Nov 19, 2012

In the continuing battle between various regulators, native american indian tribes and payday loan lenders, we revisit the continuing saga of Martin “Butch” Webb, a member of the Cheyenne River Tribe. You may recall from previous Posts, Mr. Webb is accused of illegal lending and collection practices and dodging state limits on interest rates. Mr. Webb […]

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Texas CSO – CAB Alert from Texas OCCC

By | Nov 8, 2012

The Texas OCCCC has received a request from Ann Baddour , Texas Appleseed, for ALL Schedule B Forms for licensed and provisionally licensed credit access businesses including the names of all CAB’s. The 3rd Party Lenders are at risk of exposure. The requester will gain access to names, addresses, phone number sand email addresses of […]

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Payday Loan Company Dumps Consumer Financial Data in Dumpster Fined $101,500

By | Nov 7, 2012

Don’t let this happen to you! Whether you’re offering payday loans, car title loans, small dollar loans, installment loans or any related products, make certain you have a consumer data protection strategy in place and that all your employees are on-board with it. Here’s the story from the FTC Press Release… “Companies that Own and […]

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FDIC Looks at Bank Payday Loan Styled Products

By | Nov 5, 2012

The Federal Deposit Insurance Corp. (FDIC) is reviewing bank payday loan styled products. As a result of a letter from Americans for Financial Reform, as reported by Matthew Kish Business Journal staff writer- Portland Business Journal, the FDIC sent a letter back to AFR indicating their interest. Tom Unger, a spokeshole for Wells Fargo, says […]

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