By: Jer Ayles. Our communities rely on the “business of lending to the masses” for much more than small-dollar loans to help them in a jamb! Money transfer to friends and family in other cities and countries, money orders for the millions of households in need, cell phone top-offs…
For those pessimists who are reading, DO NOT THINK this is about making money! This is about SURVIVAL! It’s about our Teammates hanging in there and literally risking their lives to be of service to our customers, our community and our nation!
Here’s a partial list of typical services and products:
- ATM
- Bill Payments
- Business Services
- Check Cashing
- MoneyGram
- Money Orders
- Mobile Top-up
- Money Transfers
- Tax Services
- Title Loans
Trade associations representing the payday lending industry announced that they are proud to provide essential products to individuals and businesses and stand ready to provide needed liquidity in a time of business disruption.
“During this difficult period, it is critical that the 60 million unbanked or underbanked Americans in this country have ready access to basic financial services through companies and people they trust, in the communities where they live,” the statement from Financial Service Centers of America (FiSCA) Executive Director Ed D’Alessio and Community Financial Services Association of America (CFSA) Chairman, D. Lynn DeVault stated. “Reflecting this fundamental need, state and local governing authorities from New York to San Francisco have deemed community financial service providers and their services as ‘essential.’ We applaud these local elected officials working tirelessly to serve the public and ensure access to critical services.
My Team is assembling an important “First Responder Action Report” for our industry. Topics include ALL aspects for business survival during this catastrophic pandemic and steps to take to prepare for the aftermath. Hint: If you follow my counsel, you may not only survive but resoundingly prosper in a multitude of incarnations! This will end! Our industry will rebound BUT things will be “different!” If you have an interest, we are building a ‘First Responder” list. Email: TrihouseConsulting@gmail.com Put CORONA in the Subject.
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