Melissa Soper, CURO: Payday Executive With Ties To Industry-Manipulated Analysis

By SMRC, Oct 14, 2021

Melissa Soper, CURO: Payday Executive With Ties To Industry-Manipulated Analysis

Longtime Payday Lending Executive Melissa Soper Worked At Dollar Financial Group Whenever It Funded An Academic Study Which Was Manipulated By The Payday Business To Dismiss Arguments Against Payday Loans—And Chaired A Trade Group’s “Research Committee.”

Melissa Soper Is The Vice President Of Public Affairs At CURO, Which Operates Payday Lending Companies Speedy Money And Fast Money.

Melissa Soper Is The Senior Vice President Of Public Affairs At CURO.

CURO Group Is “One Of America’s Biggest Payday Lenders,” Which “Lends Online” And “Operates 405 Outlets in america And Canada,” “One of America’s biggest payday lenders has floated from the stock exchange having a $ valuation that is 620m cashing in on mounting hopes that the Trump management and Republicans in Congress will relieve regulatory restrictions on the sector. Curo Group, which targets ‘underbanked’ consumers and is behind WageDayAdvance in britain in addition to Speedy Cash in america, started dealing in the ny stock market on Thursday. […] Based in Wichita, Kansas, the company charges customers just as much as $25 for each and every $100 they borrow. It lends on the internet and additionally runs 405 outlets in the usa and Canada, though it is shutting its 13 British branches. Curo, supported by the equity that is private Friedman Fleischer & Lowe, raised $93m by offering a 15 % stake within the float. The stocks had been coming in at the base of a range that is targeted of $14 and $16 a share. The business enterprise ended up being launched by Doug Rippel, that is chairman that is executive along side Mike McKnight and Chad Faulkner. It really is run by Don Gayhardt, leader, whom received a $2m pay package year that is last.”

  • CURO Owns Payday Lending Organizations Fast Money And Fast Money. “CURO Group has the fast money franchise, which includes three shops within the Kansas City area. It has the Rapid money brand name into the U.S., the Wage Day Advance and Juo Loans brands in the U.K., as well as the money cash and LendDirect brands in Canada.”

The Payday Lender Funded A “Research” Organization That Financed And Manipulated An Academic Study That Dismissed Arguments Against Payday Loans while Melissa Soper Worked At Dollar Financial Group.

Melissa Soper Struggled To Obtain Dollar Financial Group Last Year. Last year, while employed by Dollar Financial Group, Melissa Soper ended up being in the board of directors for the Community Financial solutions Association of America (CFSA).

The Customer Credit Analysis Foundation (CCRF) Paid A Professor Almost $40,000 To Make A 2011 Study That Dismissed Arguments Against Pay Day Loans And Directed Him “To Remove Negative Information.” “Internal Arkansas Tech University papers reveal an in depth working relationship between your payday financing industry plus the composer of an integral paper that is academic. The buyer Credit analysis Foundation (CCRF), a business trade team Texline payday loan, paid a teacher in the Arkansas Tech University College of company, almost $40,000 to create the research, and CCRF’s president edited the analysis and directed the teacher to get rid of negative information. Unsurprisingly, the paper concluded payday advances aren’t accountable for a ‘cycle of debt,’ a significant industry speaking point.”

  • CCRF Ended Up Being “Funded By Dollar Financial Group” Along With Other Organizations. “A CCRF official claims the building blocks isfunded by Dollar Financial Group, which owns several payday lendingoperations, along with other organizations.”[Amy Thomson, “Groups: Fee Nondisclosure Costly,” American Banker, 06/10/05]
  • The Controversial Research Ended Up Being Posted In 2011.“Arkansas Tech circulated e-mails of university of company Professor Marc Anthony Fusaro, one of many writers of the 2011 paper on payday loans that concludes loans that are payday perhaps perhaps not in charge of the period of debt.” [“Academic Deception,” Campaign for Accountability, 10/27/15]

At Enough Time, Soper Had Been In The Board Of Directors Associated With Payday Industry’s Trade Group—And Chaired Its “Research Committee.”

The Payday Lending Industry’s Trade Group in 2011, Melissa Soper Was Chair Of The “Research Committee” For CFSA. Last year, while doing work for Dollar Financial Group, Melissa Soper ended up being from the Board of Directors for the Community Financial solutions Association of America (CFSA).

  • Town Financial Services Association Of America Is “The Payday Lending Industry’s Trade Group.” “The payday lending industry’s trade group, the Community Financial solutions Association of America, didn’t react to needs for remark.”