Car Title Loan Lenders Settle with Federal Trade Commission

By | Jan 30, 2015

Whatever your car title loan, payday loan, installment loan business… practices are, DISCLOSE THEM fully and simply. Do not deceive your customers or your employees. Car Title Loan Stores  Settle Charges They Deceptively Advertised the Cost of Their Loans.  Businesses Failed to Disclose Qualifications for “Zero Percent” Loan Offers. The Federal Trade Commission has taken action […]

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Bank Accounts for Payday Loan, Check Cashers and MSB Lenders

By | Jan 28, 2015

Great news today for consumers and small dollar lenders regarding bank accounts: Financial Institution Letter FIL-5-2015 January 28, 2015 Statement on Providing Banking Services The FDIC encourages insured depository institutions to serve their communities and recognizes the importance of the services they provide. Individual customers within broader customer categories present varying degrees of risk. Accordingly, […]

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PDL and Car Title Lenders: Tired, Outdated and Destined for the Junk-Heap

By | Jan 27, 2015

Man, there’s always something. Guess I could get a job at a nice Subway sandwich shop and get on O’Bama Care. Have a bunch of kids and qualify for an Earned Income Tax Credit of a few grand. Add some food stamps, Section 8 housing, a few cash deals selling cannabis on the side. Hell, I’m allowed […]

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Banks for Payday Loan Companies

By | Jan 26, 2015

Payday Loan Business Bank Accounts Banking Building and maintaining relationships with banks for MSB’s and payday loan companies is challenging to say the least! Banking reform for the payday loan industry is likely on the way. There are only a handful of financial institutions in the country that are openly working with payday loan companies, check […]

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Internet Car Title Loans: a Tribe

By | Jan 19, 2015

Alleged Facts 20. Ms. Bynon is the owner of a 2008 Ford F150 Lariat Supercrew worth over $20,000. Exhibit P-7. 21. The vehicle was titled, registered, and licensed in Pennsylvania. 22. Ms. Bynon keeps the vehicle at her personal residence in Pennsylvania. 23. In 2013, Sovereign operated a web site under the fictitious name Title Loan America, […]

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