Bank Accounts for Payday Loan Lenders

By | Nov 28, 2016

By: Jer Ayler at Trihouse Consulting Payday loan lenders and micro-lenders continue to suffer from “bank discontinuance” issues as a result of “Operation Choke Point” launched by the Obama administration in August 2013. The Community Financial Services Association of America (CFSA) and Advance America said ” a preliminary injunction was needed to end the back-room […]

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Operation Choke Point, Payday Loans, Senator Cruz

By | Nov 6, 2015

Operation Choke Point Payday loans, guns… Senator Cruz takes “big Brother” to task! This is beautiful. AG Nominee Stuart Delery is a weasel… Sen. Cruz Questions  AG Nominee Stuart Delery on Operation Choke Point.

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Operation Choke Point Payday Lenders

By | Aug 5, 2015

Operation Choke Point Payday Lenders Like Newt Gingrich or not, his assessment regarding the FED’s ability to make it impossible for legal industries to operate is accurate. “Operation Choke Point” has driven several of my clients to pay “finder’s fees” of as much as $45,000 to anyone able to introduce a willing bank or credit […]

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Examples: Damage by Operation Choke Point to Payday Lenders

By | Aug 8, 2014

“I will offer a few examples of the damage that Operation Choke Point has already done to the short-term credit industry. One lender, Advance America, has lost longstanding and positive business relationships with at least nine banks as a result of Operation Choke Point. Hancock Bank and Whitney Bank informed Advance America of their intention to close its accounts […]

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