Payday Loan Operation Choke Point Hurts Multiple Industries

By | Mar 26, 2015

Operation Choke Point victims, small business owners, decry government overreach Allison Deguisne, the owner of a small chain of Westshore Cash and Loan, says she will stop running the two-shop operation by the end of the month, and she blames federal government regulators. Ms. Deguisne can’t find creditors to help keep her California-based payday loan […]

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Today’s CFPB Payday Loan Field Hearing in Richmond Virginia

By | Mar 26, 2015

Live from Richmond! BY: Team Trihouse Today, we’re holding a field hearing on payday lending at 12 p.m. EDT in Richmond, Va. The hearing will feature remarks from Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and members of the public. Pro or con, YOU MUST view this field hearing. Pay […]

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Short ENVA & CSH

By | Mar 26, 2015

Hope you were smart enough to “short” these two publicly traded payday loan companies: ENVA CSH

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Richard Cordray CFPB Hearing on Payday Lending March 26, 2015

By | Mar 26, 2015

CFPB Hearing Payday Loans Read This and WEEP! Prepared Remarks of CFPB Director Richard Cordray at the Field Hearing on Payday Lending “Under our proposed framework, we define the short-term credit market as loans for 45 days or less. These are typically payday loans or vehicle title loans, but one important feature of our rules […]

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PEW Car Title Loan Report

By | Mar 25, 2015

Here’s the latest PEW Report on car title lenders and consumers. Of course, PEW takes pot shots at the industry and embraces a cynical evaluation of the car title loan product. However, don’t dismiss the numbers behind their madness. (Be sure to review the bottom of this Post where I’ll reveal the number of participants […]

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