Inside the Center for Responsible Lending!
March 11, 2010 | Uncategorized | Comments (1)Hidden video cameras captured the group’s latest strategy sessions. Only link here if you have sense of humor.
Will it all be televised?
March 10, 2010 | Uncategorized, federal legislation, industry | Comments (0)Screaming headline in the Huffington Post:
Final thoughts about the CFSA conference
March 9, 2010 | Uncategorized | Comments (0)Interesting, provocative speakers. Industry leaders were generally upbeat about the future of the industry but wary of the proposed CFPA. In fact, industry lobbyists were so busy in Washington, they didn’t come to the conference for the first time in years.
I asked everyone I ran into during my travels–cab drivers, hotel workers, fellow travelers–how the economy was affecting their business. All said business, and income, was down, but everyone was keeping things in perspective. They had jobs, knew people who didn’t–so they were grateful.
Virginia and more…
March 9, 2010 | Uncategorized | Comments (1)Over at PDLindustrynew.com.
Comment of the Day
March 8, 2010 | Uncategorized | Comments (0)From Jer and the Payday Loan Industry Blog on the importance of the CFSA annual conference:
The CFSA Conference is a worthwhile investment. Anyone interested in providing consumers with multiple financial choices to meet their particular needs must attend and support these types of conferences and support our industry by being a member.
I was told there’d be no math…
March 8, 2010 | Uncategorized | Comments (0)Another effort to cap the interest on a two week product based on its annual percentage rate. An Allied Cash Advance employee rightly notes that eliminating payday loans will only force customers into more detrimental options, like disconnect fees–shame the quote is buried at the end of the story.
Hey, Big Spender
March 8, 2010 | Uncategorized | Comments (0)I often wonder if the folks who write editorials criticizing lobbying efforts have ever donated to a cause that they believe in? According to OpenSecrets.org, the American Medical Association was the second biggest lobbying spender between 1998 and 2009. They spent $204,242,500 and yet I hear very few people complaining.
Claudia Callaway says…
March 5, 2010 | Uncategorized | Comments (2)Here’s Claudia. She organized the very first conference ten years ago. You can’t tell from the pic but there are 500 people listening.
According to Claudia, some of the challenges we are facing include:
- Internet lenders having to deal with laws that haven’t caught up to the market
- Some regulators misunderstanding the CSO model
- And, of course…the vagueness of the proposed federal legislation
Moving outside to learn about legal challenges facing PDL industry…
March 5, 2010 | Uncategorized | Comments (0)After Ben Stein’s magnificent speech, the industry is going to hear from Claudia Callaway, a lawyer who will tell us what major legal challenges are facing the industry. We’ve moved outdoors for this luncheon address.
Ben Stein…Always a crowd pleaser!
March 5, 2010 | Uncategorized | Comments (0)Ben Stein gave a rousing defense of our industry, free markets and the United States of America. And he told some dirty jokes. Needless to say, the crowd loved him.
“Bueller?…Bueller?”
(Sorry, couldn’t help myself.)
