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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5000 Payday Lenders Win via U.S. House of Representatives

By | Jul 9, 2016

Payday Loan Lending By Jer Trihouse. The battle between the CFPB and payday lenders is not yet decided. It appears the members of the  U.S. House of Representatives understand how important access to credit is for consumers throughout America! It’s refreshing to witness the heroic efforts by our representatives in the House against unelected CFPB […]

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CFPB Gets a Right Hook from Democratic National Committee & H. R. 4018

By | Mar 1, 2016

Good News for Payday Loan Consumers! The CFPB takes a “hit” from the chairwoman of the Democratic National Committee! Surprise! CFPB Gets a Right Hook from Rep. Debbie Wasserman Schultz (D-Fla.) & H. R. 4018 By: Jer Trihouse. The chairwoman of the Democratic National Committee is pushing a bill H. R. 4018 that would delay […]

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PAYDAY LOANS-OBAMA FIGHTS BACK ON CUTTING CFPB FUNDING

By | Apr 15, 2015

The payday loan-small dollar credit industry continues to fight the good fight. However, an administration source was quoted as saying: “On Wednesday, House Republicans are looking to sneak an amendment into HR 1195 that would cut CFPB funding. To be clear, any attempt to limit funding at the CFPB is an obvious effort to weaken […]

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