Banks Close Payday Loan Bank Accounts

By | Nov 18, 2014

“Dear Trihouse Payday Loan Company, Regretfully, we can no longer service your payday loan company. Although you’ve been a great customer for years and we’ve made a ton of money off of you, you have 30 days to find a new bank. We have no clues, ideas or suggestions for you. You’ve done nothing wrong. […]



By | Nov 12, 2014

PAYDAY LENDING MARKET INVESTIGATION Summary of a response hearing with Think Finance (UK) Limited held in July 2014 [I’ve always counseled that to understand what’s coming in the U.S. payday loan space, look to the U.K. for insight. A few highlights from The CMA (Competition & Markets Authority) in the United Kingdom does just that.] “* Shortly […]


Banks Close MSB & Payday Loan Accounts

By | Nov 10, 2014

FOR IMMEDIATE RELEASE November 10, 2014 MEDIA CONTACT: Steve Hudak 703-905-3770 FinCEN Statement on Providing Banking Services to Money Services Businesses The Financial Crimes Enforcement Network (“FinCEN”), as the agency primarily responsible for administering the Bank Secrecy Act, is issuing this Statement to reiterate expectations regarding banking institutions’ obligations under the Bank Secrecy Act for […]


State Car Title Loan Laws

By | Nov 7, 2014

States Having Specific Car Title Loan Regulations and Laws: Car title loans are legal in the following states, with caveats. Fee and interest rate limits are noted here, but some states also impose limits on the loan principal, the length of the repayment period, and how refinancing “reacts” are addressed. Car title loans are in […]


Operation Choke Point: Update-Payday and Car Title Loans

By | Nov 4, 2014

WILLIAM M. ISAAC is a highly respected advocate for the SDC (Small Dollar Credit) industry. His keynote speech at FISCA was a highlight! Here’s a link to the presentation. I HIGHLY recommend you invest a few minutes… Operation Choke Point keynote speech at FISCA by William Isaac.   Would you like to receive updates when we add new Posts? […]


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