CFPB vs ACH Processor Intercept EFT

By | Jun 7, 2016

ACH Processor for Payday Loan and Car Title Loan Lenders Charged by CFPB 42. For example, an ODFI complained to Defendants that one of its clients, an auto title lender, which was debiting varying amounts from consumers’ accounts multiple times, did not have the contractual right or proper consumer authorization to do so, stating that it was “not […]

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ACH Alternative for Payday Lenders

By | Apr 23, 2015

Is your ACH processor threatening you? Is your “return rate too high?” Is your state, similar to California, contemplating  banning payday loan lender access to electronic access to consumer bank accounts?  No worries! When 35 million consumers demand access to a product, entrepreneurs always find a way. There’s a fix for this! If you need […]

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