Subprime Lenders, Beware: Why a Defunct CFPB Might Strike Harder Than You Think

Despite the CFPB’s sudden defunding and the current lull in regulatory enforcement, subprime lenders should view this as a brief reprieve rather than a permanent victory. The Small Dollar Rule and its core consumer protection provisions could be reactivated at any time, either through a revived CFPB or another federal authority stepping into the void. […]

Bank Overdrafts: The Real Credit Sharks Exposed

Enough said! I’m annoyed 😠 To Critics of Subprime loans and their APRs – Let’s Ground this Debate in Reality. Why Legislators Are Wrong About Subprime Lending—and How It Affects You Cost vs. Alternatives: As the table below shows, a $100 payday loan with a $15 fee over 22 days results in an APR of […]

Breaking: FCC Gives Subprime Lenders a One-Year Reprieve—But at What Cost?

The Federal Communications Commission (FCC) has announced a one-year postponement of its one-to-one consent rule, shifting the implementation date from January 27, 2025, to January 26, 2026. This delay provides subprime lenders with valuable time to adjust their practices and understand the implications of this significant regulatory change. The rule requires payday loan, car title […]

President Trump’s Reelection: A Turning Point for Consumer Lending?

The subprime consumer lending industry stands on the brink of significant transformation, with President Trump’s reelection guaranteed to be a powerful catalyst for change. Should his administration’s policies gain traction, they will create substantial opportunities and notable challenges for lenders, reshaping the subprime credit and financial services landscape. THE FACTS: 6 in 10 USA consumers […]

🌟 Meet Kim: The Customer Service Powerhouse You’ve Been Searching For! 🌟

With nearly 15 years of experience in the subprime lending industry – payday, installment, cash advance and auto title loan industry, Kim isn’t just a customer service representative—she’s the secret ingredient for business growth and customer retention. Based in Fort Worth, Texas, and seeking a remote opportunity, Kim combines warmth, humor, and a unique knack […]

The Dave.com Trap: A Blueprint for Ethical and Profitable Subprime Lending

Executive Summary: A Wake-Up Call for Subprime Lenders Subprime Dave Inc., a trailblazer in the online cash advance industry, now finds itself in the crosshairs of regulatory bodies like the FTC and Justice Department. Accusations of deceptive marketing, hidden fees, and ethical missteps have laid bare not just the company’s practices but systemic vulnerabilities in […]

When Rules Backfire: The Unintended Fallout of APR Caps on Subprime Borrowers

When well-meaning regulations collide with the realities of financial need, the fallout can be as unexpected as it is impactful. Imagine Joe, a single parent caught off-guard by a medical emergency seeking a $500 loan to cover urgent expenses. Now, picture the lender, bound by a 36% APR cap, trying to offer that help while […]

Ever Had a French Fry Burn? That’s What Your Financial Restrictions Feel Like.

Let the Market Decide: A Lesson from the Counter Jer, ever had a french fry burn? Doesn’t feel great, does it?  But sometimes, it takes that kind of sting to wake folks up.  Those who want to tell us how best to handle our finances—our “overlords”—could learn a thing or two from actually working the […]

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