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And a Leader into the Payday Lending Industry

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

  • Adams, Contributed $10,000 at a Bahamas Fundraising Event Organized because of the Community Financial Services Association for Ohio Senate Candidate Josh Mandel. “This split campaign committee, as it happens, had been also the conduit for donations from payday loan providers who went to a Mandel fund-raising event within the Bahamas during the early March. Mandel’s campaign in March failed to launch the take from that event. But Federal Election Commission filings through the Mandel Senate Victory Committee now reveal that this solitary occasion raised at minimum $67,000 from payday lenders and their PACs. Checks came from executives and PACs representing such organizations as 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 occasion, the Community Financial solutions Association of America, provided $10,000. Mandel additionally provided a speech in the industry seminar, their campaign stated. Experts regarding the industry state that with accrued interest, payday advances can stick borrowers with prices of 300 per cent and much more. Lenders state that as bankers of final measure, they push away evictions plus the repo guy by providing consumers cash when it is needed by them the many. The industry happens to be fighting efforts that are ongoing states to limit its methods. The payday efforts within the Bahamas usually do not add a $30,000 donation provided in February by Lee Schear of Dayton, whoever economic solutions company has a joint venture partner, NCP Finance, that funds payday advances.”

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

For decades, Adams Served as a known user associated with the Board of First nationwide Bank of this Southern Including Chairman of this 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 to start with 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 regarding the board in the beginning nationwide Bank of this Southern. He received their undergraduate degree through the University of South Carolina, 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, could be the Chairman of our board of directors. Mr. Adams happens to be the president and owner that is principal of Capital is loanmart loans legit Corporation of America, Inc., an investment banking business based in Greenville/Spartanburg, since 1991. Ahead of joining the main city Corporation, Mr. Adams served as vice president with C&S nationwide Bank, where he had been used by 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 associated with Southern at Louisiana State University and it is a Certified Commercial Investment user.”
  • 2008: Adams Was Elected Chairman of the Board of First National Bancshares april.