2019-05-17 20:10
So, there was testimony on the rules going into affect. You can watch the Subcommittee on Economic and Consumer Policy Hearing: CFPB’s Role in Empowering Predatory Lenders: Examining t… Read More
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2018-12-13 16:14
We’ll miss you Mick Mulvaney and your common sense approach. He took the CFPB from Robin Hood mode into a do no harm approach. The agency will focus more on bad actors now… Read More
2018-11-09 16:16
Midterm elections are more-or-less done and we received good news. I’m not against safeguards that can help both consumers and lending businesses, but the rules that were set to… Read More
2018-10-19 22:28
The CFSA published “UNSEALED GOVERNMENT DOCUMENTS PROVE FEDERAL COVER-UP IN OPERATION CHOKEPOINT” and it’s eye popping. It’s proof that the OCC and FDIC tried t… Read More
2018-09-25 15:18
An article in American Banker titled “CFPB goes back to the drawing board on payday rule” does a nice job discussing the rules. My personal opinion is that they’re wa… Read More
2018-05-10 14:55
It’s worth reading this Op-ed on American Banker titled, “Real issue for debt collectors is the irrelevance of telephones”
Is it worth the risk?
“TCPA litigation incr… Read More
2018-04-09 16:14
HB 123 is floating around. It’s unlikely that in it’s current form it could pass. House Bill 123 would allow short-term lenders to charge a 28 percent interest r… Read More
2018-03-27 00:46
It’s clear that the CFPB is taking a new direction, but what can we expect. This article titled “THE CFPB UNDER NEW LEADERSHIP: WHAT TO EXPECT IN 2018” is a good read… Read More
2017-07-07 19:03
Alan Kaplinsky wrote a great article titled What the D.C. Circuit decision vacating stay of EPA rule could mean for final CFPB arbitration and payday loan rules. What is helpful i… Read More
2017-02-15 18:32
I enjoyed a speculative article in Market Watch on Richard Cordray. Is Cordray a sitting duck until after Ohio elects a new governor? Seems far fetched, but it is juic… Read More
2016-12-08 15:40
This would be UUGE! You can see the full article HERE.
“The OCC proposal, eagerly awaited by online lenders and participants in marketplace lending platforms, outlines a way for… Read More
2016-11-30 16:08
“Advance America said its own situation became dire after five banks decided in the last month to cut ties, including a 14-year relationship with U.S. Bancorp, putting it “on the… Read More
2016-06-08 16:13
Ballard Spahr is hosting a webinar to discuss the proposed rules titled: “The CFPB’s Proposed Payday/Auto Title/High-Rate Installment Loan Rule: Can Industry Adapt to the New Wor… Read More
2016-05-11 16:26
You can read the article at the Washington Post titled “Google to ban payday loan advertisements.”
Additionally, David Graff, Google’s director of global product policy:
&l&hell…Read More
2016-05-05 18:33
Hudson Cook broke the news that the CFPB Proposes Rule Prohibiting Mandatory Arbitration Clauses.
I can see the vultures swarming.
Read More
2016-04-13 15:39
A must read, “Why Elizabeth Warren’s Consumer Watchdog Could Be In Danger” in the Huffington Post.
“In summary, this is an unprecedented, unconstitutional agency that… Read More
2016-02-10 15:59
“Cordray encouraged financial institutions to offer lower-risk account options, including accounts that would not allow for overdrafting the account.” according to the Credit Uni… Read More
2016-01-26 16:59
You can read the FISCA new release HERE. Basically, the White House said, whatever the CFPB says….we’re fine with that.
The silver lining here is that the petition bought… Read More
2016-01-22 16:06
Obama Extorting Auto Lenders, CFPB Memos Prove
In 2015, The CFPB claims to have “statistical evidence” showing car lenders and dealers marking up loan prices for minorities vs. w… Read More
2015-11-18 15:45
Dear Friends,
We have over 95,000 signature, but we need 5,000 more today. The CFPB is putting together rules that will cripple our industry. This will directly affect all our jo… Read More
2015-11-03 22:04
Dear Friends,
The CFPB is putting together rules that will cripple our industry. This will directly affect all our jobs, not to mention limit customers access to credit. Please t… Read More
2015-10-27 18:59
A Texas lender passed this along…. Texas is adding new rules for CABs. You can see them HERE.
This is totally out of left field. I thought this was interesting:
&ldqu&hell…Read More
2015-08-26 14:56
“Consumer complaints are the CFPB’s compass and play a central role in everything we do. They help us identify and prioritize problems for potential action,” CFPB Director… Read More
2015-08-17 16:27
I’ve received a lot of questions on text messaging, so I’m breaking it out into it’s own post. I’m not listing the legal cases here b/c they’re everywhere… Read More
2015-07-03 19:57
This is an attempt to educate you and not provide legal advice blah, blah, blah. Always consult with your lawyer, first.
It’s easy to assume that SPAM is unwanted electronic mess… Read More
2015-06-03 17:15
Must see for anyone that thinks the President has too much power. These executive orders are used to circumvent the legislative process. It’s a hilarious parity on the… Read More
2015-02-10 16:24
The Washington Post writes, “FDIC attempts to end Operation Choke Point with letter, action.” So is it?
Wow, what a coincidence? Republicans take hold of the House an… Read More
2006-06-07 11:16
In a letter to NACHA, Benjamin Lawsky, writes: “The Department believes these proposals do not adequately address the current abuses of the ACH network by…payday lenders who mak… Read More
2006-06-07 11:16
Four Oaks Bank cut a deal with the DOJ regarding alleged illegal, online payday loans. Long story short, the DOJ is choking off access to the ACH network for online lenders who are not… Read More
2006-06-07 11:16
Without express consent, that marketing text message can cost you $500-$1,500 a pop and let’s not forget the legal fees in an article titled Curbs on Cellphone Calls Pay Off for Lawyer… Read More
2006-06-07 11:16
According to the Consumer Financial Protection Bureau (CFPB) website, the CFPB is now accepting complaints from borrowers encountering problems with payday loans. The Bureau reques… Read More
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