Tag Archives: cfpb

CFPB Employee Files Whistle Blower Charges: Payday Lender Ace Cash Express $10M Fine Bogus

A former CFPB examiner filed whistle blower charges against her employer, the CFPB, claiming she was terminated for refusing to falsify ACE Cash Express documents that resulted in a $10,000,000 fine levied against Ace! The CFPB continues to be revealed as a reprehensible, rogue government organization whose management enabled their personal prejudices to attempt to […] Continue reading

CFPB Elephant Dies-The PDL Industry is Dancing in the Streets WITH Their Customers

By Jer– New Sheriff at CFPB: The PDL Industry is Dancing in the Streets WITH their Customers! As pointed out on several industry media sources, “There is a new sheriff in town at the CFPB!”  Euphoria is overtaking the private, Tribe and publicly owned payday loan, small dollar loan, unsecured loan, car title lending… industry. It’s […] Continue reading

CFPB-Unsecured Loan Industry to Prosper Uner New CFPB Head

CFPB This originally appeared on Mortgage News Daily-by BY: ROB CHRISMAN  here: Here’s something to think about. Continue reading

CFPB-Unsecured Loan Industry to Prosper Under New CFPB Head

CFPB This originally appeared on Mortgage News Daily-by BY: ROB CHRISMAN  here: Here’s something to think about. If the CFPB “dials things back,” wouldn’t the states step in and increase their consumer-focused regulatory levels? Continue reading

Fewer Companies Settle with CFPB

The Business of Lending is the Oldest Pofession. The Wall Street Journal [which I have appeared in on several occassions] ran an interesting piece on the CFPB Continue reading

CFPB Takes Broadside- Leadership Structure Ruled Unconstitutional!

CFPB Leadership Structure Ruled Unconstitutional by D.C Circuit Court This just in from Ben Lane: “In a unanimous decision of the three justices of the United States Court of Appeals for the District of Columbia Circuit, the court ruled that the CFPB’s current structure allows the director to wield far too much power, more than any other agency in the government.” ‘Because the Director alone heads the agency without Presidential supervision, and in light of the CFPB’s broad authority over the U.S. economy, the Director enjoys significantly more unilateral power than any single member of any other independent agency,’ the court writes. Continue reading

Evil Center for Responsible Lending vs Payday Loan Industry

Why do payday loan lenders take a beating by the media and the politicians so often? Because of organized campaigns like this one launched by the CRL Continue reading

CFPB Grossly Understates Positive Payday Loan Testimonials it Received

We all know that our U.S. government agencies lie, cheat and steal even more than our politicians do Continue reading

5000 Payday Lenders Win via U.S. House of Representatives

Payday Loan Lending By Jer Trihouse . The battle between the CFPB and payday lenders is not yet decided Continue reading

From Prison to Payday Loans to Entrepreneurship to CFPB Testimony

In February, I was given the unlikely opportunity to testify before Congress on the Consumer Financial Protection Bureau’s (CFPB) proposed small-dollar lending rule. My testimony was unlikely because I grew up in public housing, spent time in federal prison for selling drugs – and I’m a satisfied customer of the payday lending industry Continue reading