National 36% APR Cap Introduced
A National 36% APR CAP INTRODUCED! Lenders, NEED HELP? We have STRATEGIES. Reach out to Jer@theBusinessOfLending.com
“WASHINGTON – A bill to protect consumers who borrow with consumer loans has been introduced by U.S. Senate Majority Whip Dick Durbin (D-IL) and other lawmakers.
The bill, known as the Protecting Consumers from Unreasonable Credit Rates Act, would cap fees and interest on consumer loans at an Annual Percentage Rate (APR) of 36 percent. This is the same limit that currently exists for loans marketed to military service members and families.” https://lnkd.in/gumxCxa
Subprime Lending Opportunities: Lending to the Masses
Change is the order of the day. Banks are slowly eliminating NSF fees [Too much heat by the FED’s!], there are more and more white-labeled platforms, tools & 3rd party solutions being introduced weekly. M & A is scaling. Crypto solutions are creeping into our business. [Did you know you can earn 10%+ using BTC as collateral with a 30% – 50% LTV today?]
Do you have an opportunity? Capital available? Need an introduction? Idea? Challenge? Looking for talent?
Video: Happy Days Ahead for The Business of Lending to the Masses & CFPB Issues New Subprime Study
By: Jer Ayles. WATCH THE VIDEO! I guarantee you’ll feel a WHOLE LOT BETTER about lending to the subprime! [Link] Happy Days Ahead for Subprime Lenders + Covid-19, government subsidies, increased unemployment benefits… have turned “the business of lending to the masses” upside down! But then, YOU ALREADY KNOW THIS! What’s the future of subprime […]
Meet me in san Antonio: The Business of Lending to the Masses
Just a heads up! I’m in San Antonio, Texas this week. Want to meet up, let me know. I’m here 5 days for meetings with international money groups entering the USA installment loan industry. Text 702-208-6736 Jer Jer “The Business of Lending to the Masses.” Hi Jer As always, thanks for being a loyal email […]
Rational Discussion: Why People Focus on APR and Why They Shouldn’t
Guest Post by Pawnbroker Steven Adsit: Recently, in a pawnbroker forum, the discussion turned to State APR [Annual Percentage Rate] Caps on Payday Lenders. Some pawnbrokers voiced opinions that Payday Lenders were predatory and charged too much. Others defended them and said the rates were needed based on risk and cost. I want to discuss […]
Illinois Lenders: How to Remain in Business after the 36% APR Cap
36% APR rate cap got you down? We have a solution blessed by one of the premier attorneys in our industry. Interested in learning more? Email Jer@TheBusinessOfLending.com PS: If you’re a seasoned small-dollar Lender in ANY of the States entertaining a 36% APR Cap, reach out. Let’s explore… Jer@TheBusinessOflending.com https://www.linkedin.com/in/jerryayles/ Jer – 702-208-6736 Cell
BEHIND THE SCENES WITH 17+ WORLD-CLASS CONSUMER LENDING EXPERTS: March 3rd-4th 2021
FREE: GO BEHIND THE SCENES WITH 17+ WORLD-CLASS CONSUMER LENDING EXPERTS March 3rd & 4th 2021The Business of Lending to the Masses Discover how to adapt, pivot, and thrive in the new economy as a consumer lender. This event will bring together the best in the industry to teach you how to navigate the legal […]
Consumers Feel The Pain: Nationwide 36% APR Cap Theme Continues: Illinois and Nebraska Go Dark.
Consumers Feel The Pain: Nationwide 36% APR Cap Theme Continues: Illinois and Nebraska Go Dark. By: Jer Ayles Fellow small-dollar lenders, vendors, and MOST importantly the 50%+ of U.S. households who do not have access to $500 when the car breaks down, the utility bill is due, the kitchen is bare, the… well, you know […]
Loan Tools You Need Today for Tomorrow. Lenders Beware: Biden + CFPB = More Heat!
By Jer Ayles: Face Facts, Small-Dollar Lenders! A Biden Presidency means certain “pain” for Lenders. Business to Consumer [B2C], Business to Business [B2B], MCA [Merchant Cash Advance], payday loans, installment loans, car title loans, line-of-credit loans, Fintech, wage advance… all will face increased scrutiny, compliance issues, and increased legal costs. Of course, CONSUMERS will be […]