State of Oklahoma & 4 Tribe Lenders vs CFPB

By | Nov 10, 2017

The CFPB is attempting to usurp States’ Rights again! Yes, unelected bureauocrats attempting to make further inroads to payday loan lending and tribal sovereignty. We’ve written about tribe lenders several times ever since the Wall Street Journal published their front page piece that quoted a founder, Jerry Ayles. No need to write more on this […]

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MLA Military Lending Act and Payday-Car Title Loans

By | Oct 25, 2017

By: Jer Ayles–PaydayLoanIndustryBlog.com The MLA Military Lending Act, outlaws implementation of ARB arbitration agreements for consumer credit contracts entered into by active-duty servicemembers and their dependents.  Lenders are denied by the MLA from including arbitration agreements in contracts for small dollar loans, payday loan, title loans…  extended to active-duty service members and their dependents where […]

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Prestamos: Payday Loans & Serving the Latino Market-No One Does It Well

By | Aug 16, 2017

Necesito Dinero Rapido? Deed Money Fast? Prestamo = Loan = Prestamos [Excuse my lack of correct Spanish punctuation! It’s my keyboard AND my Spanish.] What’s my point? Jump on your phone or your computer. Do a search in Spanish for keywords in all the various incarnations of payday loan, fast cash, personal loan, loan today… […]

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Operation Choke Point: Court Orders FDIC to Turn Over Docs to Payday Loan Industry Assoc.

By | Jul 28, 2017

FDIC Ordered to Turn Over Documents in Operation Choke Point Lawsuit to PDL Industry Assoc. ‘Time for DOJ and FDIC officials to get a lawyer!’ The Federal Deposit Insurance Corporation (FDIC) was ordered to turn over documents related to Operation Choke Point late last week. District Court Judge Gladys Kessler told the government agency it […]

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Cordray & CFPB Ram New Arbitration Rule Down Our Necks!

By | Jul 10, 2017

Another play by Cordray and his future plan to run for governor. This rule will not stand! Bank, credit union and credit card companies will not allow the rogue CFPB and their appointed administrators ram this down our throats. It only benefits attorneys; not consumers. The Consumer Financial Protection Bureau (CFPB) issued its final rule […]

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