More Great News: Operation Choke Point Gasping for Air
Published: Sat, 12/03/16
Here's a portion of our latest positive news regarding "Operation Choke Point" and the Obama's failure to keep it from asphixiating:
Read the full Post Online:
http://www.paydayloanuniversity.com/update-banks-payday-loan-lenders-and-operation-choke-point/
Link via Google URL Shortner:https://goo.gl/iMRbrT
“Business Bank of Texas was forced to end this long-standing and beneficial relationship with Power Finance Texas by the Office of the Comptroller of the Currency,” Lette writes, adding:"During a recent meeting with Scott Ward, an assistant deputy comptroller in the [Office of the Comptroller of the Currency’s] San Antonio office, Mr. Ward pressured our bank to end our relationship with Power Finance Texas.
Mr. Ward told me that, if Business Bank of Texas continued to provide [automated clearing house] services to Power Finance Texas and other small lenders, the bank would incur a significant reputational risk.
Although I completely disagreed with this assessment, Mr. Ward left no doubt that the relationship would have to be ended. The pressure that was brought to bear on our bank by our regulator left us with no choice but to drop Power Finance Texas as a customer and close its accounts."
, I've written many more details AND President Trump's impact on this issue and the future of our payday loan, installment loan car title loan... industry here:
Read the full Post Online:
http://www.paydayloanuniversity.com/update-banks-payday-loan-lenders-and-operation-choke-point/
Link via Google URL Shortner: https://goo.gl/iMRbrT
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Jer@PaydayLoanUniversity.com
702-208-6736