our current thoughts

Last week the Consumer Financial Protection Bureau (CFPB) held its first ever “field hearing” to better understand payday loans and the consumers that use them.  The hearing began an interesting and ongoing dialog between the CFPB, underbanked consumers, and industry … Continue reading →

Our CEO, Ken Rees, had an opportunity to provide his thoughts to FoxBusiness.com regarding the Consumer Financial Protection Bureau this week.  Given the recent appointment of the CFPB’s new director, we were happy to have Ken share our unique understanding … Continue reading →

When we were first approached by Native American tribes to help them develop emergency cash loan products we were initially skeptical.  Our technology platform has been successfully used by several banks but can Native American tribes make loans in the … Continue reading →

A recent study by economic research group Moebs confirms what millions of underbanked consumers have always known:  Payday loans are less expensive than bounced checks and overdraft fees. Don’t believe it?  Let’s look at the math: The average bank overdraft … Continue reading →

Would you stay at a hotel that cost $36,000 per year?  Would you rent a DVD for $600 per year?  Sounds outrageous, right?  Actually, those prices are just annualized rates for a $100/night hotel and a $5 DVD rental.  You’d … Continue reading →