Conn's Gets Beaten

Posted on December 9, 2014

Conn's policy of offering credit to just about anyone is catching up with them. Even though they can generate extremely high margins on retail sales, the loss rates on their in-house financing wipe out that income. The ship is sinking.

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Reflecting on Uber

Posted on December 8, 2014

Uber has its fans and it has its detractors. But it turns out that being a fan of the free market is often not a basis for liking the ride brokering service.

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More Data!

Posted on November 26, 2014

I'm attaching a graph I read this week about the explosion in the creation of data. So yes, while it is no surprise to anyone that we are witnessing a revolution in the creation of information, it is still dramatic. I would say it could be one of the defining forces of our time.

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Inside the Cards You Take When You Go Outside

Posted on November 24, 2014

A review of the costs of four different prepaid cards that fulfill the niche re-entry market. These cards are given to people at the moment they leave jail or prison.

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Banks Re-Up with World Acceptance

Posted on November 20, 2014

On Tuesday, seven banks renewed their credit agreement with World Acceptance. The new $630 million line of credit runs through November 2016. While BB&T had been party to the previous relationship, it declined to participate this time. As well, TD North says that it will drop out in June of next year.

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Reactions from the CFPB's Field Hearing for Prepaid Cards

Posted on November 14, 2014

My reaction's to the CFPB's proposed rule-making on prepaid cards. Bottom line - I think it is a good set of ideas.

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How will CFPB Propose to Design Prepaid Disclosures?

Posted on November 12, 2014

Wherein I discuss who the CFPB might design its proposed model disclosure for prepaid cards, how many items they will choose to include in the disclosure, and what elements bear watching for inclusion or exclusion.

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Connecting the Dots: How Wall Street Brings Fringe Lending to Main Street

"I Feel Like I was Set Up to Fail: Inside a For-Profit College Nightmare."

This story was published in Salon Magazine on January 27th, 2014. In March, Senator Richard Durbin cited this story when speaking on behalf of his bill, The Student Loan Borrowers Bill of Rights.

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