CFPB Elephant Dies-The PDL Industry is Dancing in the Streets WITH Their Customers

By | Nov 30, 2017

By Jer– New Sheriff at CFPB: The PDL Industry is Dancing in the Streets WITH their Customers! As pointed out on several industry media sources, “There is a new sheriff in town at the CFPB!”  Euphoria is overtaking the private, Tribe and publicly owned payday loan, small dollar loan, unsecured loan, car title lending… industry. It’s […]

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CFPB-Unsecured Loan Industry to Prosper Under New CFPB Head

By | Nov 21, 2017

CFPB This originally appeared on Mortgage News Daily-by BY: ROB CHRISMAN  here: Here’s something to think about. If the CFPB “dials things back,” wouldn’t the states step in and increase their consumer-focused regulatory levels? Multi-state lenders certainly wouldn’t like that. Since the state regulators have been in regular communication with the CFPB and knowledgeable as to the Bureau’s […]

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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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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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