CFPB Under Attack Again by PDL, Banks, Credit Union Trade Groups

By | Dec 8, 2016

Congress Attacks All Planned CFPB Rules By: Jer Ayles-Trihouse. Financial, fintech, banking and credit union trade groups are storming Congress to  repeal all upcoming CFPB [Consumer Financial Protection Bureau] rules governing arbitration, payday lending, debt collection and prepaid cards by using its authority under the Congressional Review Act. All of us in the payday loan, installment […]

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Where to Open Payday & Title Loan Stores

By | Jul 7, 2015

Where to open a new car title or payday loan store? Alright, after months of researching the payday loan and car title lending industry you’ve finally decided to pull the trigger and launch your new business. Sure, you’ve read our chapter focused on “Site Selection” in our  “How to Start a Car Title Loan Business […]

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How to Start a Car Title Loan Business-Not

By | Jun 7, 2015

Six People Accused of Conspiring to Commit Loan-Sharking Involving Car Title Loans How Not to Start a Car Title Loan Company A multi-agency investigation has resulted in charges against six people for allegedly conspiring in an extensive car title loan scheme that allegedly defrauded unsuspecting consumers out of thousands of dollars each. Many affected consumers also lost […]

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How Big is the Sub-Prime Car Title Industry?

By | Nov 20, 2012

How Big is the Sub-Prime Car Title Industry? No one really knows. But this is interesting… Exeter Finance Completes $300 Million Securitization IRVING, TEXAS – Exeter Finance Corp., a specialty auto finance company, announced the completion of its second rated term securitization, issuing $300,000,000 in notes backed by subprime automobile installment receivables. The notes were […]

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Car Title Loans Businesses Return to New Hampshire

By | Aug 20, 2012

The car title loan business is returning to New Hampshire. Legislators had hoped banks and credit unions would enter the market and fill the void when payday loan and car title loans were reduced to 36% APR’s by the regulators in 2009. This never happened. Instead, New Hampshire residents were simply deprived of another choice […]

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