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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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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More Good News for Payday Loan Industry

By | Mar 11, 2015

From Representative Brad Sherman, (D-Calif.) “So many of the people making the decisions do not ever need a payday loan and don’t understand that you work out the percentage interest rate and isn’t it terrible that you paid $50 to borrow $400? Well, not if it keeps the lights on in your house. Do you […]

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