Available: Experienced Operations Manager: Tribal Lending, Call Center, Marketing, Collections
Available: Experienced Operations Manager: Tribal Lending, Call Center, Marketing, Collections… Nici C. is an experienced Operations Manager/Team Member in the Subprime as well as Tribal Lending Industry seeking her next opportunity. With 10+ years of small-dollar lending experience, Nici possesses exceptional skills in call center and operations management, marketing campaign management, CRM, collections, complaint handling […]
MSB Money Service Business: Banking & Compliance
MSB’s, Banking & Regulations Meetup
Staying Banked & Compliance Strong.
How to properly implement your AML Program to keep the bank & Regulators happy.
SAR’s, enhanced due-diligence & internal monitoring… why it matters.
What the banks look for in onboarding an MSB and how not to lose your MSB account
What the regulators look at when conducting a BSA (MSB) examination
What happens to the SAR… A regulatory explanation and case study.
Lending to the Masses Through the Roof! Enova, Curo, Elevate, Lendup… $300M Quarters
By Jer Ayles CURO reports $300M+ quarter. Enova reports a $300M+ quarter. Lendup reports $2B. On and on and on! Demand by consumers in all economic brackets through the roof unabated! I could name dozens of additional lenders struggling to meet demand. In January 2019, Dave.com had 1,000,000 subscribers paying a $1/month subscriber fee JUST […]
How to Start-Improve a Consumer Loan Company? Installment, Payday, Car Title
The demand is huge! Billions lent every month at sky-high interest rates. The profits are there to be had. No single incumbent has more than 6% of the market today. And yet Enova and Curo just reported they each lent out nearly $400,000,000 to consumers in the last 3 months at 200%+ interest rates!
Off Topic: Just Some Friday Fun Dancing & Shout Out to Tim Ranney & Clarity Services
AND a BIG SHOUT OUT TO an old friend TIM RANNEY & Clarity. Back in the day, Tim sponsored a fabulous dinner/dance at the Atlantis Hotel in the Bahamas. Piles of lobster, shrimp, crab… and a live band that played for hours while we all danced and celebrated “the business of lending to the masses.”
Ex-Billionaire Scott Tucker Payday Loan Lender Finally Tells His Own Story
By: Jer Ayles. Consiglieri to entrepreneurs interested in “The Business of Lending to the Masses.” Scott Tucker has been portrayed by Netflix, American Greed, The WSJ, The NYT… and on and on as a pure, 100% scum bag payday loan lender and loan shark for years. When I speak to investors, Wall Street, Family Offices, […]
AB539-California 36% APR Rate Cap: We have Solutions for Lenders Disruption = Opportunity
AB539-California 36% APR Rate Cap: We have Solutions for Lenders – Disruption = Opportunity Are you a licensed California Finance Lender (CFL) title loan Lender? Are you concerned about AB539? Are you funding California car title loans? We can show you how to start/remain in the business of Title lending following the passage of California […]
How to Start a Title Loan Business
“You know, people say they’re going to pay their house payment first. And then a funny thing happened in 2008, 2009 [during the mortgage meltdown] … Many people let their house go, but they needed that car, and they couldn’t go to work without the car. They left their house…and kept their car payments current.”
The Biz of Lending to the Masses: Fintech, Wage Advance Products & California CFL’s
Fintech “lenders” are pushing the boundaries of what state AG’s consider to be loans. Earnin.com, Dave.com, PayActiv.com, MeetHoneyBee.com, DailyPay.com, Flexwage.com, HelloBrigit.com, BranchApp.com, WageStream.com and on and on all offer “wage advance,” “payroll advance” in essence a “kinder, gentler version” of a payday loan. Fintech, California CFL’s, Wage Advance Products Embroiled in Class Action Lawsuits. The Biz of […]