A High-Profile Financial Services Case Gets Dismissed With Prejudice

The financial services industry has become a lot more complex in recent years, often to the benefit of borrowers and others. Personal loans, for instance, have become increasingly accessible to people who might not formerly have qualified at all.

One way by which this has happened has been the proliferation of lenders of less-traditional kinds. Many Native American tribes, for example, have set up personal lending operations of their own in recent years.

The sovereignty enjoyed by such groups allows them to offer types of loans that would not be possible in certain other jurisdictions. In many cases, that means borrowers are able to obtain financing when their credit histories would normally keep them shut out.

Making the Arrangements Required for a Novel Type of Lending

Setting up such a lending business inevitably takes plenty of experience and knowledge. Most often, tribes have relied on experts like David Johnson of Cane Bay Partners to provide the required expertise.

In certain situations, such arrangements have led to misunderstandings and even lawsuits. Johnson was named as one of the defendants in a related case, for instance, that was eventually dismissed with prejudice by the presiding judge.

The reason for this was simply that the plaintiffs in the case had decided that their claims were no longer worth pursuing. They had originally alleged that a complex scheme had been pursued whereby Native American tribes were being used to circumvent existing laws.

As the case proceeded, it became clear to most observers that this was an overly pessimistic view of the actual situation. The inherent, though circumscribed, sovereignty of Native American tribes having been acknowledged by the courts many times in the past, the plaintiffs’ arguments came to be viewed as overly grasping themselves.

Many More Challenges Await

That case having been disposed of in a way that left his reputation unmarred, Johnson has since returned to work at Cane Bay Partners, the consulting firm he helped found. Under David Johnson Cane Bay has helped many companies and organizations worldwide achieve a wide variety of goals in the financial services industry and elsewhere. The complexity that so often makes that arena confounding to outsiders can always be mastered by those with the right skills.

Skilled Consultants Help Companies Overcome Significant Challenges

Just about every modern business of any size can benefit from having regular, reliable access to expertise its own employees do not possess. Consultants like Kirk Chewning help companies solve problems that would be almost impossible for them to overcome on their own. A quick look at some of the types of challenges that such consultants are most often called on to address will make it clear that they provide plenty of valuable services.

Consultants Well-Positioned to Help in Many Ways

Many of today’s most successful companies take pride in how well and pointedly they focus on the areas that are most critical to their missions. That almost always proves to be the best way to stay as competitive as possible and to maximize a business’s profits.

On the other hand, such levels of specialization do lead to certain issues that must be addressed effectively. In particular, many highly focused businesses lack expertise and capabilities that are not integral to their primary activities but can still be important on certain occasions.

In just about every such case, the best way to respond when such a deficit becomes significant will be to bring in an appropriately skilled consultant. Some of the types of issues experienced consultants most often help businesses with today include:

  • Compliance. Every industry features a distinctive regulatory environment, with some of the associated structures being a lot more complicated than others. Few businesses can afford to devote vast amounts of resources to regulatory compliance, but failing to stay up to date is rarely an option. Having a consultant look at regulatory issues and how best to account for them will often be the best option of all. In many cases, a business that uses consultants to help it remain compliant will benefit in a variety of ways.
  • Financial modeling. Sufficiently detailed, accurate financial models are important to businesses ranging from commercial lenders to insurance firms. Having consultants develop reliable financial models for a company can provide it with plenty of much-needed guidance.

Expertise Businesses Can Rely On

Consultants who help companies with issues like these inevitably make doing business easier. In many cases today, consultants prove to be some of the most valuable partners for businesses that are leaders in their fields.

Financing Your Next Car Purchase

Purchasing a car is one of the largest purchases that people will have to make every few years. Despite the fact that most people will end up buying a car multiple times over the course of their lives, it is easy to feel uncertain about the financing options that are available. Fortunately, Consumer Portfolio Services can offer full-service auto lending solutions that can make this a much easier task to manage. Once the financial aspects of purchasing the car are addressed, it will be possible to focus on the more enjoyable aspects of this buying process, such as test driving, choosing a make and model or other decisions.

A common assumption about auto lending is that it will always be done at the dealership. While it is true that most auto dealerships can offer some type of financing programs for qualifying customers, the rates that are offered may not always be the best. Unfortunately, individuals that have failed to obtain a quote for auto financing before visiting the dealership will be unable to effectively know whether the terms being offered are good. Completing an online auto loan application can be one of the easiest options for determining the types of credit that are available for someone with your particular history. This can be useful for both knowing the types of cars that you will be able to reasonably consider buying as well as whether the dealership-offered terms are better.

As with any other type of loan, it is important for individuals to be diligent with repaying the loan. Unfortunately, many conventional lenders may not make this process particularly easy as individuals may have to mail payments or speak to individuals on the phone. Online lending services will be able to reduce much of the difficulty of managing your auto loan by providing a convenient customer portal. Once logged into the client portal, you will be able to easily handle a range of common tasks from the convenience of your computer. These can include basic tasks such as arranging a payment, but it may also involve more advanced issues. This could include applying for another loan, dispute resolution or other issues that may arise over the time that you have the loan.