Tag Archives: trends & tactics

CFPB Drops Suit against 4 Payday Loan Tribes

The CFPB continues to capitulate in the payday loan space! President Trump and acting director Mick Mulvaney have had an astoundingly positive influence on the outlook for payday lending and the upbeat environment for US households as well. Previously, the CFPB received an astounding 1,000,000,000+ comments from US consumers “praying” for continued access to payday […] Continue reading

The Business of Lending Money: Tricks & Scams Just Plain Stupid!

Attention payday, car title, signature, student, line-of-credit and yes, even Bitcoin lenders! Do not play games with the FTC! They are “dialing for dollars.” Opportunities to help US consumers abound! Consider just this one telling statistic: “About 46 percent of Americans said they did not have enough money to cover a $400 emergency expense. Continue reading

Payday Loan Collections

Got too many online payday loans defaulting? Need help collecting on your online payday loans Continue reading

Payday Loan Borrowers: “Those People.”

By: Jer Ayles. Banks do not want payday loan consumers as customers 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

State of Oklahoma & 4 Tribe Lenders vs CFPB

The CFPB is attempting to usurp States’ Rights again! Yes, unelected bureauocrats attempting to make further inroads to payday loan lending and tribal sovereignty. We’ve written about tribe lenders several times ever since the Wall Street Journal published their front page piece that quoted a founder, Jerry Ayles. Continue reading

MLA Military Lending Act and Payday-Car Title Loans

By: Jer Ayles–PaydayLoanIndustryBlog.com The MLA Military Lending Act, outlaws implementation of ARB arbitration agreements for consumer credit contracts entered into by active-duty servicemembers and their dependents.  Lenders are denied by the MLA from including arbitration agreements in contracts for small dollar loans, payday loan, title loans…  extended to active-duty service members and their dependents where […] Continue reading

Prestamos: Payday Loans & Serving the Latino Market-No One Does It Well

Necesito Dinero Rapido? Deed Money Fast? Prestamo = Loan = Prestamos [Excuse my lack of correct Spanish punctuation! It’s my keyboard AND my Spanish.] What’s my point Continue reading

Operation Choke Point: Court Orders FDIC to Turn Over Docs to Payday Loan Industry Assoc.

FDIC Ordered to Turn Over Documents in Operation Choke Point Lawsuit to PDL Industry Assoc. ‘Time for DOJ and FDIC officials to get a lawyer!’ The Federal Deposit Insurance Corporation (FDIC) was ordered to turn over documents related to Operation Choke Point late last week. District Court Judge Gladys Kessler told the government agency it […] Continue reading

Cordray & CFPB Ram New Arbitration Rule Down Our Necks!

Another play by Cordray and his future plan to run for governor. This rule will not stand! Bank, credit union and credit card companies will not allow the rogue CFPB and their appointed administrators ram this down our throats. Continue reading