Missouri US Rep. Calls for Investigation over “Operation Choke Point”

U.S. Rep. Blaine Luetkemeyer, R-Mo., is calling on federal agencies to investigate “Operation Choke Point.” Beginning in 2013,the federal government used Operation Choke Point to refuse banking services to certain industries the government deemed to have “reputational risk.” Many payday Continue reading Missouri US Rep. Calls for Investigation over “Operation Choke Point”

Missouri Payday Loan Legislation Update

There has been no change in legislation in Missouri for the Payday/Installment Loan Industry for 2018. Get Payday Loans Online at one’s own convenience A bill known as HB2657 was introduced in the Missouri State House on March 1, 2018. Continue reading Missouri Payday Loan Legislation Update

Consumer Financial Protection Bureau Ruled Unconstitutional

Many of our clients are concerned about the so-called Federal Payday Loan Rules that were written in 2017 with an effective date in 2019. The Payday Loan Rules were authored by a governmental agency known as the Consumer Financial Protection Continue reading Consumer Financial Protection Bureau Ruled Unconstitutional

Details on Florida’s new Payday Lending and Installment Law

On March 19, 2018 Governor Rick Scott signed the Deferred Presentment Transactions Law (SB 920). This new legislation will allow loans of up to $1,000 paid back in installments of 60-90 days. Find more details at: https://onqfinancial.com/down-payment-assistance/new-mexico-programs/. Prior law allowed Continue reading Details on Florida’s new Payday Lending and Installment Law