Just in case you’ve been off-the-grid today, you better take a look:
Advance America is for sale to Ricardo Salinas and Grupo Elektra at a 30% premium. Reminds me of the movie, “The Good the Bad and the Ugly.” It’s like Eli Wallach saying to the CFPB, “Badges, we don’t need no stinking badges.”
There are some really smart guys in the payday loan industry! What’s the future look like for the small guys? Better have some cash available for lawyers? Compliance? Sell out? I have 5 locations…
If sold, does this mean my debt with them is no more?
Lot’s of payday loan news this week! The Colorado Supreme Court tribe case, this Ricardo Salinas buyout, all the CFPB activities…
All I can say is, “WOW!”