Payday Loans vs Bank NSF and Overdraft Fees: Reported by CFPB

By | Jul 7, 2017

You think payday loan, installment loan and car title loan APR’s are high? You want to know why banks, credit unions and so-called consumer advocates hate small dollar lenders? Did you know the folks who initially funded the Center for Responsible Lending [CRL] launched a credit union – an entity treated as a non-profit? Follow […]

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Payday Loan Operation Choke Point-Update

By | Jun 10, 2017

Operation Choke Point Lawsuit Update via Judge in District of Columbia. Judge Kessler in the District of Columbia, denied a group of payday lenders allegedly affected by the Department of Justice’s (DOJ) controversial Operation Choke Point. Banks for payday loan lenders. Payday loan industry fails to demonstrate harm due to an inability to secure bank […]

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Bank Accounts for Payday Loan Lenders

By | Nov 28, 2016

By: Jer Ayler at Trihouse Consulting Payday loan lenders and micro-lenders continue to suffer from “bank discontinuance” issues as a result of “Operation Choke Point” launched by the Obama administration in August 2013. The Community Financial Services Association of America (CFSA) and Advance America said ” a preliminary injunction was needed to end the back-room […]

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PDL-Biz: 2:00 Minute Video Can Save You $2.8M Dollars.

By | Sep 25, 2016

Need money? GROWING your operation? Or, starting a new one? You need capital! I have it! Let me tell you my story.  And it’s not a story of triumph.  There is no happy ending here. I was a computer guy and my computer business became a grind.  Razor thin margins kept getting thinner… and so […]

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Bank Discontinuance: Anti-Money Laundering Compliance Program

By | Apr 20, 2015

“Bank Discontinuance” Issues and Strategies for avoiding this devastating occurrence in your small dollar lending business.  NOTE: This document is intended to outline steps you can take to ensure that your compliance program is adequate. Perhaps you were sleeping? You somehow missed this: ” Justice Department Hits Community Bank in Second Choke Point Case by Victoria Finkle […]

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