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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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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Startup Opportunity with Experienced Tribe Lender

By | May 25, 2017

Opportunity: Synopsis of a proposed capital raise for a De Novo Tribe portfolio by an experienced payday loan/installment lender. Proposal for Trihouse to Connect Operators and Capital Providers 2017 Goal: Experienced Lender with capital is re-entering the small dollar subprime lending space and seeks additional capital to partner with in order to grow and scale the portfolio. […]

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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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