And a Leader when you look at the Payday Lending Industry

And a Leader when you look at the Payday Lending Industry

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

  • Adams, Contributed $10,000 at a Bahamas Fundraising Event Organized because of the grouped Community Financial Services Association for Ohio Senate Candidate Josh Mandel. “This split campaign committee, as it happens, has also been the conduit for contributions from payday loan providers who attended a Mandel fund-raising event within the Bahamas during the early March. Mandel’s campaign in March failed to release 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 minimum $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 include 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 team sponsoring the Bahamas occasion, the Community Financial solutions Association of America, offered $10,000. Mandel additionally provided a speech at the industry meeting, their campaign stated. Critics for the industry state that with accrued interest, pay day loans can stick borrowers with prices of 300 per cent and much more. Lenders state that as bankers of final resort, they prevent evictions together with repo guy by providing consumers money when it is needed by them the most. The industry was fighting efforts that are ongoing states to limit its techniques. The payday efforts when you look at the Bahamas try not to add 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 associated with Board of a Bank That Failed – Cost FDIC $75 Million

For decades, Adams Served as a known member associated with Board of First nationwide Bank for the Southern Including Chairman for the Board

  • Adams Served as Chairman of First National Bancshares in sc, Ceo of Southeastern Capital Partners and President for the Capital Finance Group. “Mr. C. D. Adams is Chairman at First nationwide Bancshares, Inc. (Southern Carolina), President & Chief Executive Officer at Southeastern Capital Partners LLC, and President during the Capital Finance Group, Inc. Mr. Adams once was used as Vice President by C&S nationwide Bank. He additionally served in the board in the beginning nationwide Bank of this Southern. He received their undergraduate level through the University of sc, a degree that is undergraduate Louisiana State University, and a graduate degree from Louisiana State University.”
  • Adams ended up being Chairman of this Board of First National Bancshares, Served on Board, Audit, Nominating and Compensation Committees. “C. Dan Adams, 50, Class III director, could be the Chairman of y our board of directors. Mr. Adams happens to be the president and major owner associated with the Capital Corporation of America, Inc., a good investment banking business positioned 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 in operation management. He graduated in 1989 through the Banking class of this Southern at Louisiana State University and it is a professional Commercial Investment user.”
  • 2008: Adams Was Elected Chairman of the Board of First National Bancshares april.

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