And a Leader when you look at the Payday Lending Industry

And a Leader when you look at 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 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 went to a Mandel fund-raising event within the Bahamas in very early March. Mandel’s campaign in March failed to launch the take from that occasion. But Federal Election Commission filings through the Mandel Senate Victory Committee now reveal that this solitary event raised 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 consist of Check ‘n Go), $10,000; Speedy Cash, $5,000; CheckSmart, $10,000, and QC Holdings (aka Quick Cash), $10,000. C. Dan Adams, a board person in the combined team sponsoring the Bahamas occasion, the Community Financial solutions Association of America, offered $10,000. Mandel additionally offered a message in the industry meeting, their campaign stated. Experts for the industry state that with accrued interest, payday advances can stick borrowers with prices of 300 % and much more. Lenders say that as bankers of final measure, they push away evictions additionally the repo guy by providing clients money when they want it the most. The industry happens to be fighting ongoing efforts in states to restrict its techniques. The payday efforts into the Bahamas try not to incorporate a $30,000 donation provided in February by Lee Schear of Dayton, whoever economic solutions business has an affiliate marketer, NCP Finance, that funds payday advances.”

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

For a long time, Adams Served as a known user associated with Board of First nationwide Bank of this 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 in the beginning 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 employed as Vice President by C&S nationwide Bank. He additionally served in the board at First nationwide Bank associated with Southern. He received their undergraduate level through the University of sc, an undergraduate level from Louisiana State University, and a graduate degree from Louisiana State University.”
  • Adams had been Chairman for the 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 positioned in Greenville/Spartanburg, since 1991. Just before joining The Capital 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 South Carolina Upstate in 1983 with a qualification running a business management. He graduated in 1989 through the Banking class for the Southern at Louisiana State University and it is an avowed Commercial Investment member.”
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  • April 2008: Adams had been Elected Chairman associated with the Board of First National Bancshares.