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

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

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 solutions sets up “everything which you have to demonstrate that you have been running within the state of Nevada,” in accordance with its internet site.

Former prosecutor that https://www.paydayloansmissouri.org/ is federal Humble stated that “there are unresolved concerns” about why a business would have the work to setup such a more elaborate variety of worldwide entities.

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

Nonetheless, stashing a router on a area does not fundamentally bypass U.S. rules, in accordance with Uriah King, vice president of state policy for the Center for Responsible Lending, a customer advocacy team.

“Many loan providers argue that as it’s on the internet, regulations does not use, nevertheless the online does not bequeath magical status regarding the loan,” King stated.

Ira Rheingold, executive manager when it comes to nationwide Association of Consumer Advocates, stated most Bermuda Internet companies are setup to dodge fees or U.S. rules.

“It really is all about avoiding obligation and U.S. that is avoiding law state law, once the situation might 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 organizations “to ascertain whether certain unnamed creditors may be involved in breach for the Truth in Lending Act . and whether or not they could be involved in unjust or misleading functions and techniques.”

But an FTC spokesman stated no general public fees have been filed against Brown or any one of their organizations, and regulators wouldn’t touch upon the status of every research.

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

“as of this time, we are able to state we are investigating some possible unlicensed activity in this state,” stated Neil MacDonald, spokesman for the Tennessee Department of banking institutions.

That division regulates 10,262 monetary entities. Just in might had been the agency handed the obligation of regulating and licensing Internet payday lenders, MacDonald stated.

“after that, we’ve started an ongoing process of determining just just what entities could be participating in online lending that is payday being certified,” he stated. “we can’t discuss certain investigations.”


Brown isn’t any complete complete stranger to investigations.

Their proceed to portray their company as a international interest ended up being it self an answer to a continuing class-action lawsuit against five cash loan stores which he owned in 2001, he stated within the deposition.

“we curently have a suit that is class-action against my brick-and-mortar shops,” Brown stated during the time. “It had been simply a matter of the time before they show up after the web business, too.”

Previous workers describe Brown, whom shuns promotion, as being a kindhearted and nice guy, who had been a leading resident in Rossville.

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

As an indication of his status in the neighborhood, he had been chosen for the development research in 2005 to revitalize the downtown area, like the old Peerless Woolen Mill.

Brown’s chicken had been utilized for instructions to obtain individuals around Rossville, he stated, ” and it also took 20 individuals to obtain it along with the building and acquire it set up.”

Though that has been years ago, their employees nevertheless call their payday business “the chicken” in honor regarding the long-gone mascot, Shelley stated, only if since they do not know what else to call CPS.

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

“He’d walk out of the business the next day if he can find an easy method of saving souls,” Christiansen stated.

The difficulty of operating this type of business that is complicated the trouble of dodging regulators will probably 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?”