And a Leader into the Payday Lending Industry

And a Leader into the Payday Lending Industry

Adams Helps regarding the Board Of Community Financial Services Association Of America.

  • Adams, Contributed $10,000 at a Bahamas Fundraising Event Organized by the grouped Community Financial Services Association for Ohio Senate Candidate Josh Mandel. “This split campaign committee, it turns out, has also been the conduit for contributions from payday lenders who attended a Mandel fund-raising event when you look at the Bahamas in very early March. Mandel’s campaign in March would not launch the take from that occasion. But Federal Election Commission filings through the Mandel Senate Victory Committee now reveal that this event that is single at least $67,000 from payday loan providers and their PACs. Checks came from professionals and PACs representing companies that are such Advance America, $15,000; Axcess Financial (whoever holdings consist of Check ‘n Go), $10,000; Speedy money, $5,000; CheckSmart, $10,000, and QC Holdings (aka fast Cash), $10,000. C. Dan Adams, a board person in the combined team sponsoring the Bahamas event, the Community Financial solutions Association of America, offered $10,000. Mandel additionally offered a message during the industry meeting, their campaign stated. Experts associated with the industry state that with accrued interest, pay day loans can stick borrowers with rates of 300 % and much more. Lenders state that as bankers of final resort, they push away evictions while the repo guy giving customers money when it is needed by them the many. The industry happens to be fighting efforts that are ongoing states to limit its techniques. The payday efforts within the Bahamas don’t incorporate a $30,000 donation provided in February by Lee Schear of Dayton, whoever monetary solutions business has an affiliate marketer, NCP Finance, that funds payday advances.”

Adams Also Served as Chairman for the Board of a Bank That Failed – Cost FDIC $75 Million

For decades, Adams Served as A member regarding the Board of First nationwide Bank regarding the Southern Including Chairman associated maximus money loans coupons with Board

  • Adams Served as Chairman of First National Bancshares in sc, Ceo of Southeastern Capital Partners and President of this Capital Finance Group. “Mr. C. D. Adams is Chairman in the beginning nationwide Bancshares, Inc. (Southern Carolina), President & Chief Executive Officer at Southeastern Capital Partners LLC, and President in the Capital Finance Group, Inc. Mr. Adams was once used as Vice President by C&S nationwide Bank. He additionally served in the board to start with nationwide Bank associated with the Southern. He received his undergraduate level through the University of sc, a degree that is undergraduate Louisiana State University, and a graduate degree from Louisiana State University.”
  • Adams had been Chairman associated with Board of First National Bancshares, Served agreeable, Audit, Nominating and Compensation Committees. “C. Dan Adams, 50, Class III manager, may be the Chairman of our board of directors. Mr. Adams happens to be the president and owner that is principal of Capital Corporation of America, Inc., a good investment banking business situated in Greenville/Spartanburg, since 1991. Just before joining the main city Corporation, Mr. Adams served as vice president with C&S nationwide Bank, where he had been useful for twelve years. Mr. Adams graduated through the University of sc Upstate in 1983 with a diploma running a business management. He graduated in 1989 through the Banking class of this Southern at Louisiana State University and it is an avowed Commercial Investment user.”
  • 2008: Adams Was Elected Chairman of the Board of First National Bancshares april.

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