Category Archives: Uncategorized

Are Robo Dialers Worth the Risk?

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 increased 31.8% from 2015 to 2016 while Fair Debt Collection Practices Act litigation decreased during the same time period.” Does it work? “Phone calls are losing relevance as consumers […]

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Ohio bill takes aim at CSO model

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 rate plus a monthly 5 percent fee on the first $400 loaned — a $20 maximum rate. Required monthly payments could not exceed 5 percent of a borrower’s […]

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So what’s up with the CFPB?

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.  Let’s hope the CFPB’s Robinhood past goes away.

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Richard Cordray and the Inside Scoop

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 is the inside scoop on Richard Cordray: Director Cordray will leave the CFPB in the fourth quarter of this year to run for Ohio governor. Essentially, […]

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Is the CFPB in trouble? It’s eerily quiet.

  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 juicy.  John Kasich can not run again to term limits in Ohio law.  Like Kasich, but kudos to Ohio for creating term limits.  We need more term […]

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Hudson Cook Analysis on Fintech National Charter

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Advance America and CFSA seeking injunction relief

“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 verge” of being unable even to hold a bank account.” You can read the full article HERE.

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CFPB Webinar – Ballard Spahr

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Google Adwords shutting out payday lenders

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Are Arbitration Agreements Done?

Hudson Cook broke the news that the CFPB Proposes Rule Prohibiting Mandatory Arbitration Clauses. I can see the vultures swarming.  

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