Because none of you are smart enough,” says Mehta. “You make the stupid laws and I’ll comply and I’ll make money

By | Mar 24, 2013

In case you missed this,former Providan Bank executive revealed the contempt in which he holds borrowers in this short video: “Because none of you are smart enough,” syas Mehta. “You make the stupid laws and I’ll comply and I’ll make money. . . . There are always some desperate people who will take the product. […]

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Lending: Bitcoin, Payday Loans, The AFS Industry

By | Mar 21, 2013

Lot’s of discussion occurring regarding virtual currencies like Bitcoin. We Lenders are a crafty bunch. The regulators are always playing catch-up although they will “slap-your-hands” if you aren’t careful. We live in exciting times. Look below the surface… see the future! List of businesses accepting virtual currency.  The Fed’s are beginning to notice as reported […]

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Payday Loan Internet Lending: More Heat

By | Mar 20, 2013

Continued reporting on the payday loan industry by New York Times reporter Jessica Silver-Greenberg: “JPMorgan, the nation’s largest bank by assets, will give customers whose bank accounts are tapped by the online payday lenders more power to halt withdrawals and close their accounts.” “Under changes to be unveiled on Wednesday, JPMorgan will also limit the […]

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Heads-Up: Texas CSO/CAB SB1247 Update

By | Mar 19, 2013

From Michael Brown at: Michael@CreditAccessBusiness.com Hello All – today I testified at the Senate Business & Commerce Committee Hearing.  I was able to speak for 3 minutes and did an adequate job of identifying the biggest issues for our group.  As a follow up to my comments, please call the Senators offices listed below and […]

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Texas: Guns, Payday Loans, CABS-CSO’s, 3rd Party Lenders and Car Title Lending in Texas

By | Mar 11, 2013

The state of Texas has long held a reputation for personal freedom, low taxes, and minding one’s own business. Texas attorney Greg Abbot recently ran this ad in The New York Times, “Wanted: Law abiding New York gun owners looking for lower taxes and greater opportunity.” The Facebook landing page reads, “We have right to […]

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