News Bytes for Independent Consumer Finance, Payday Loan, Deferred Deposit, Check Cashers, Auto Title Pledge, Title Loan and Cash Advance Companies
Posted July 2009
Summer Update
Your IvyTek Team has been very busy getting users online. Our web hosting, web design and web application development projects continue to grow as users discover our services. We are also working on updating our own website after changing computer systems. Learn more about our projects in the IvyTek News. Look for our next edition due for publication at the end of the month. And don't forget to check out our blog for the latest legislative news.
Posted March 2009
Winter Newsletter Update
The winter newsletter featuring articles on the latest legislative moves, the year in review, our new initiatives for 2009 and advice for protecting your system from viruses, adware, spyware, and malware is on its way to the printer. It should be on your desks by mid-March and posted to this site by the end of the month. E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it for a subscription.
Advertisers Wanted
Anyone who serves the lending industry and is interested in placing a classified ad in the IvyTek News should contact us either via e-mail at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call 800-596-9792. Advertisers appear in our quarterly newsletter and are posted on our partners page. Display ads are also available. More
Posted February 2009
H. B. 1214 - Payday Loan Reform Act of 2009
February 26, 2009
H. B. 1214, The Payday Loan Reform Act of 2009, was introduced on Feb. 26, 2009 by Rep. Luis Gutierrez (D-IL) and referred to the House Committee on Financial Services. The bill focuses on fees charged and the “cycle of debt.” A national cap of 15 cents per $1.00 borrowed is proposed. For details visit blog.ivytek.com .
Are you a member of the Lender's blogging community? If not, it's simple to join. Just go to the Lender's Blog site and post a comment. For example, say you read the article, "Payday Loan Reform Act of 2009 " on the blog. You would like to share your ideas and comments...simply click on the "(#) comment" or "no comments yet" link located directly below the article, fill in the form, add your comment and hit the submit button. It's that simple and as always your privacy is strictly maintained. We do not share information with others. blog.ivytek.com
FSCM Legislative Update
February 5, 2009
Luke Montgomery, secretary of the Financial Service Centers of Mississippi Association (FSCM) sent an e-mail update February 5, 2009 to members concerning the bills that the association has been monitoring.
In the e-mail, he states, “all bills pertaining to our industry, including the alternative rate bill, died in committee on Tuesday. We do not foresee anything else coming up this session that would negatively impact our industry.
However, Chairman George Flaggs mentioned in the committee meeting that a study on consumer finance in the state of Mississippi would be performed by the Wagner School for Public Service in New York. We do not have any information on this study as of now but will update you as things transpire.”
LFA Legislative Update
February 4, 2009
On February 4th, 2009, a group representing the Louisiana Finance Association met in Washington DC, with the Louisiana House and Senate Delegation to inform and educate members on the negative effects the passage of Senate Bill 3287 would have on the entire industry.
As proposed, the bill entitled, “Protecting Consumers from Unreasonable Credit Rates Act of 2008”, would amend the truth and lending act and set a federal usury cap of 36 percent APR on all consumer credit transactions, including all interest, fees, defaults and insurances as finance charges.
Posted January 2009
What's New for 2009
Your IvyTek Team is busy organizing several new business initiatives for 2009. The products will be available to the general public. Our new Managed IT Services will enhance our automated backup and storage services introduced in 2008.
IvyPCcare will provide additional computer protection services such as removal of viruses, adware, spyware and malware and includes computer system optimization.
IvyWeb will offer web hosting, design and application services.
In addition to the new services, we will be upgrading our own website and working to improve the classified ad sections of this site and our newsletter. Also, expect to see improvements to blog.ivytek.com as lenders become familiar with the service.
