CPS is registered in Nevada, in line with the Nevada assistant of state.

CPS is registered in Nevada, in line with the Nevada assistant of state.

Brown included CPS through business called Silver Shield solutions, which claims on its site additional info to provide “protection from legal actions, federal government creditors and state fees through Nevada’s incorporation-friendly legislation.”

Also registered through Silver Shield are: region 203, Credit Protection Depot, ACH Federal, Collateralized Investment Services Limited Partnership, 3806 Amnicola LLC, Terenine and Support Seven.

For $600, Silver Shield Services sets up “everything which you are in fact operating in the state of Nevada,” according to its website that you need to prove.

Previous prosecutor that is federal Humble stated that “there are unresolved concerns” about why an organization would feel the work to setup such a more sophisticated a number of worldwide entities.

“If we had been doing the research, we’d need to know why, exactly just what reasons that are legitimate here for performing those transactions international,” stated Humble, who was simply not talking particularly about Brown’s companies.

Nonetheless, stashing a router on an area does not get around U.S. necessarily regulations, relating to Uriah King, vice president of state policy for the Center for Responsible Lending, a customer advocacy team.

“Many lenders argue that as it’s on the internet, what the law states does not use, however the online does not bequeath magical status in the loan,” King stated.

Ira Rheingold, executive manager for the nationwide Association of Consumer Advocates, stated most Bermuda Internet companies are put up to dodge fees or U.S. rules.

“It really is all about avoiding obligation and avoiding U.S. legislation or state legislation, since the situation could be,” Rheingold said.

And Brown is “very great at finding income tax holes,” Shelley stated.


The Federal Trade Commission in 2010 initiated a study into Brown’s businesses “to ascertain whether specific unnamed creditors may be involved with breach associated with Truth in Lending Act . and if they might be involved with unjust or misleading functions and methods.”

But an FTC spokesman stated no charges that are public been filed against Brown or any one of their organizations, and regulators would not touch upon the status of any research.

Hawaii of Tennessee will not state whether it’s investigating Brown.

“as of this time, we could state that people are investigating some possible activity that is unlicensed this state,” stated Neil MacDonald, spokesman when it comes to Tennessee Department of finance institutions.

That department regulates 10,262 economic entities. Just in might ended up being the agency handed the obligation of licensing and regulating Internet payday lenders, MacDonald stated.

“after that, we’ve started a procedure of determining just exactly what entities could be participating in online payday lending without being certified,” he stated. “we can’t discuss specific investigations.”


Brown isn’t any complete complete stranger to investigations.

Their relocate to portray their company as a international interest had been it self a reply to a continuing class-action lawsuit against five advance loan shops he owned in 2001, he stated into the deposition.

“we curently have a suit that is class-action against my brick-and-mortar shops,” Brown said at that time. “It had been only a matter of the time before they arrive following the online business, too.”

Previous workers describe Brown, who shuns promotion, being a kindhearted and large guy, who had been a prominent resident in Rossville.

There he ran Happy Motors, a buy-here, pay-here dealership fabled for a 15-foot-high, bright yellowish chicken which he then called “the next most well-known chicken in Georgia” following the Big Chicken in Marietta, Ga.

As a sign of their status in the neighborhood, he had been selected for a development research in 2005 to revitalize the downtown area, like the old Peerless Woolen Mill.

Brown’s chicken had been employed for instructions to have people around Rossville, he stated, ” and it took 20 individuals to obtain it in addition to the building and obtain it set up.”

Though which was years back, their employees still call his payday business “the chicken” in honor for the long-gone mascot, Shelley stated, only if since they have no idea what else to call CPS.

Brown’s objective, but, is not earthly riches and glory.

“He’d walk out of the company if he could find a better way of saving souls,” Christiansen said tomorrow.

The difficulty of operating this kind of complicated company and the trouble of dodging regulators may be worth it if it supports Brown’s work building the kingdom, Christiansen stated.

” just what is a heart worth?” Christiansen asked. “Do the ends justify the means?”

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