C. Dan Adams founded the main city Corporation, a firm that is investment-banking stocks a workplace with Integrity Texas Funding, a business by which Adams invests when you look at the customer financing industry. Adams is definitely an active frontrunner in the payday industry. He acts in the board associated with Community Financial solutions Association of America вЂ“ the payday industryвЂ™s special interest trade team, which fights efforts in Washington and over the country to guard hardworking families through the predatory methods of its user organizations.
Adams had been additionally the board and chairman person in the very first nationwide Bank for the Southern (owned by First National Bancshares). During their tenure, the lender failed and ended up being place in receivership because of the FDIC, costing the FDIC $75 million. The lender was publishing losings within the tens of millions it admitted to providing subprime home loans that didnвЂ™t even meet its own internal underwriting standards while he served as chairman and. The bankвЂ™s financials had been so very bad that its application to receive bailout funds through the authorities ended up being rejected. Despite their not enough leadership, he attained thousands of bucks in costs to wait board conferences.
Being fully a lender that is payday investment banker has paid down handsomely for Adams. He’s amassed a big wide range of properties respected into the huge amount of money. He has a $1.36 million house near Greenville, sc, an business building, a few lots that are vacant a condo close to the coastline in Spartanburg County, and an extravagance condo in Charleston County he purchased for more than $1 million.
It offers reduced for other individuals too. In the past few election rounds, Adams has added almost $100,000 to your promotions of people in Congress and payday lending unique interest PACs, which may have additionally donated big amounts of cash into the promotions of elected officials.