Free Payday Loan Compliance School in Kansas City, Wednesday February 22nd.
Wednesday, February 22 in Kansas City. Free payday loan compliance school by two industry pros – Claudia Callaway and Tom Duffy! Reservations? Contact Ann Jones at 202.625.3548
Online Lenders Alliance OLA Convention Followup – Denver
I just returned home from the payday loan Internet convention put on by OLA in Denver. My initial reaction? OPTIMISTIC! POSITIVE!! OUR FUTURE IS SECURE!!! I’ve been riding this payday loan roller coaster since 1997. From a legislative and regulatory perspective, it’s been challenging to say the least. Our industry, the business of loaning money, [...]
Bank Fees in Violation of Military Authorization Act?
One of the provisions of the FY 2007 Military Authorization Act, makes it illegal for creditors to grant payday loans and car title loans to military members. The change also prohibits charging more than 36 percent interest to military borrowers. Fees, service charges, renewal charges, credit insurance premiums or any other product “sold” with the [...]
Payday Loan Western States Conference and Trade Show
Several of us will be at the payday loan conference in Rancho Mirage, Calif. May 15-17, 2011. Text Jer at 702-208-6736 to meetup while you’re there. Email: Jer http://cfsponline.com/2011-conference/2011-western-states-conference-agenda.html
MicroBilt Corp. & CL Verify, LLC File For Chapter 11 Protection in New Jersey
Payday Loan Sub-Prime Consumer Reporting Company News: MicroBilt Corporation and CL Verify, LLC, filed chapter 11 petitions in a bankruptcy court in New Jersey (MicroBilt on March 18, 2011 and CL Verify six days later). The companies, headquartered in Princeton, New Jersey, describe themselves as “leader[s] in risk management information for small and medium-sized businesses [...]
Time to Use the Power of Text in Marketing and Collections for Payday Loan, Car Title…
Here is the how and why Text Messaging can help your Collection efforts INCREASE up to 25% or more and your payment defaults DECREASE by about 40%, as well as generate new leads and create repeat customers.
Canada Payday Loan Laws & Legislation Update
The Province of Ontario will complete its regulation of the payday loan and cash advance industry as of December 15, 2009. This includes includes a maximum rate of $21 per $100 loaned. Included in the new regulations are strong consumer protections in conjunction with good, solid, and fair enabling legislation thus assuring the future of the payday loan industry in Ontario.
Payday Loan Lenders Get Hassled Over Disclosure-Again!
All industries have a few knuckle heads in their midst. No surprise, this includes the payday loan industry. There are some very basic requirements we in the industry must adhere to. Disclosure of loan terms, the APR (Annual Percentage Rate), the payment schedule, the amount financed, the total of payments, and any late fees are [...]
Oregon Payday Loan Consumers Worse Off Without Them
A new survey conducted by Dartmouth College reveals residents are WORSE off without access to payday loan products! Data on 400 payday loan consumers collected before and after the imposition of an interest-rate cap in Oregon indicates that the payday loan rate cap resulted in a severe downgrade in the financial condition of the Oregon [...]
Payday Loans – The Media – Common Sense
The media never entertains the idea that the payday loan product can do any good despite the fact that consumers by the millions use them! Every media treatment is focused on the negative; the few in our industry, like all industries, that do harm our reputations.
