CFPB Employee Files Whistle Blower Charges: Payday Lender Ace Cash Express $10M Fine Bogus

By | Dec 14, 2017

A former CFPB examiner filed whistle blower charges against her employer, the CFPB, claiming she was terminated for refusing to falsify ACE Cash Express documents that resulted in a $10,000,000 fine levied against Ace! The CFPB continues to be revealed as a reprehensible, rogue government organization whose management enabled their personal prejudices to attempt to […]

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Fewer Companies Settle with CFPB

By | May 8, 2017

The Business of Lending is the Oldest Pofession. The Wall Street Journal [which I have appeared in on several occassions] ran an interesting piece on the CFPB. The fact is, fewer companies are willing to settle with the CFPB today. This is huge.  Fewer lenders willing to settle with CFPB = more investors/capital scrambling to […]

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CFPB Takes Broadside- Leadership Structure Ruled Unconstitutional!

By | Oct 11, 2016

CFPB Leadership Structure Ruled Unconstitutional by D.C Circuit Court This just in from Ben Lane: “In a unanimous decision of the three justices of the United States Court of Appeals for the District of Columbia Circuit, the court ruled that the CFPB’s current structure allows the director to wield far too much power, more than […]

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Evil Center for Responsible Lending vs Payday Loan Industry

By | Oct 4, 2016

Why do payday loan lenders take a beating by the media and the politicians so often? Because of organized campaigns like this one launched by the CRL. [Remember the Center for Irresponsible Lending? Founded by credit union and bank executives – think Wells Fargo – whose mission is to crush the payday loan industry so […]

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CFPB Grossly Understates Positive Payday Loan Testimonials it Received

By | Sep 12, 2016

We all know that our U.S. government agencies lie, cheat and steal even more than our politicians do. After all, these agencies are made up of ordinary people. So it comes as NO SURPRISE that the CFPB failed to honestly reveal that 98.5% of the puny total number of payday loan testimonials submitted by ordinary […]

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