Author - Mike Gibb

Daily Digest – December 12. Nicholas Financial Names New CEO; Alert Agent Helps Nab Murder Suspect

NICHOLAS FINANCIAL NAMES NEW CEO Nicholas Financial has named Douglas Marohn as its new chief executive. Marohn spent 14 years with Nicholas between 1997 and 2011, when he left to work at TMX Finance and ML Credit Group. Marohn replaced Ralph Finkenbrink, who retired on Sept. 30.   REPOSSESSION AGENT HELPS POLICE FUND MURDER SUSPECTS A...

Daily Digest – December 11. Those Backing Leandra English Files Briefs Supporting Her Lawsuit; Mulvaney Reviewing All Pending CFPB Investigations

THOSE BACKING LEANDRA ENGLISH FILE BRIEFS SUPPORTING HER LAWSUIT AGAINST PRESIDENT TRUMP Groups of consumer advocates, law school professors, Democratic members of Congress, and the attorneys general of 18 states have all filed amicus briefs in support of Leandra English’s lawsuit against President Trump and Mick Mulvaney. his pick to be the...

Daily Digest – December 8. Man Arrested For Allegedly Pulling Gun on Agent; Subprime Auto Loan Originations At Lowest Point Ever

TEXAS MAN ARRESTED FOR ALLEGEDLY PULLING GUN ON REPOSSESSION AGENT An arrest has been made from an incident in Texas in August, where a man allegedly pulled a gun on a repossession agent after the agent had repossessed the man’s vehicle. The man is facing up to 20 years in prison.   CONSUMER CREDIT JUMPS MORE THAN EXPECTED IN OCTOBER:...

Daily Digest – December 7. GAO Ruling Could Mean Guidance From Regulators Subject To CRA; Credit Union Sues President Over Mulvaney’s CFPB Appointment

GAO RULING COULD MEAN GUIDANCE FROM REGULATORS SUBJECT TO CRA An interesting article from a quartet of lawyers at the law firm of Pepper Hamilton has raised awareness of a potential issue regarding any guidance issued by a federal regulator, including those that keep an eye on financial institutions. The General Accountability Office issued an...

Daily Digest – December 6. Cordray Announces Run For Governor; Mulvaney, English Have Yet to Meet

CORDRAY ANNOUNCES RUN TO BE NEXT GOVERNOR OF OHIO Richard Cordray, the former director of the Consumer Financial Protection Bureau, formally entered the race to be the next governor of Ohio yesterday. Cordray, a former attorney general for the Buckeye State, had been rumored to be mulling a run for governor for several months.   MICK...

Daily Digest – December 4. Man Pleads Guilty To Injuring Repossession Agent With Knife; Mulvaney Says CFPB Will Not ‘Interfere’ With Capitalism

MAN PLEADS GUILTY TO INJURING REPOSSESSION AGENT WITH KNIFE A Virginia man has pleaded guilty to injuring a repossession agent with a knife during an attempted repossession. The man has already spent three months in jail but is out on bond pending sentencing.   MULVANEY SAYS CFPB WILL NOT ‘INTERFERE’ WITH CAPITALISM Mick...

Daily Digest – December 1. Mail Carrier Facing Charges After Undelivered Mail Found in Repossessed Vehicle; White House Moving Fast to Find Permanent Director at CFPB

MAIL CARRIER FACING CHARGES AFTER VEHICLE REPOSSESSED WITH UNDELIVERED MAIL INSIDE A Virginia mail carrier is facing charges after his car was repossessed. The problem? The vehicle had hundreds of pieces of undelivered mail. WHITE HOUSE MOVING FAST TO NAME PERMANENT DIRECTOR AT CFPB The President has a short list of names to be the next...

Daily Digest – November 30. Delinquency Rates Remain Low, Expected To Stay That Way; Man Impersonates Repo Agent

DELINQUENCY RATES REMAIN LOW, EXPECTED TO STAY THAT WAY: BEIGE BOOK Loan delinquency rates remained low and created little cause for concern according to anecdotal reports from the 12 different Federal Reserve Banks across the country. The banks submitted their information to the Federal Reserve Board, which published the subjective reports as...

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