US Equity Advantage Temporarily Suspends Business in 16 States
ORLANDO, Fla. — US Equity Advantage (USEA) will temporarily suspend its biweekly loan payment service in 16 of the 50 states in which it does business at the end of September. The decision comes in response to recent regulatory changes concerning licensed money transmission and related restrictions placed on the company by its banking partners.
USEA officials said the company has a robust commitment to ethical business practices led by a full time compliance officer whose department actively works to meet all regulatory issues in the marketplace, including adherence to state money transmission licensing in all 50 states.
“Due to evolving regulatory oversight, we are ending a business process that has allowed us to offer our biweekly loan payment services in states where we do not hold licenses,” CEO Robert Steenbergh said. “Our company remains strong despite this temporary situation. It affects less than one percent of our customers and nonetheless, we continue to operate in more states than any of our competitors.
“Our goal remains to serve customers in all 50 states, and we envision completing the necessary licensing requirements to do so in the near future,” he added.
In anticipation of the Sept. 30 deadline, USEA stopped accepting new enrollments from the affected states on Sept. 5. The company will continue its biweekly loan payment service to existing customers through the end of the month and is developing information and assistance to help them temporarily convert responsibility for their auto loan payments in an efficient and thoughtful manner.
During the loan service suspension, these customers can continue to take advantage of the company’s other AutoPayPlus benefits including several free financial planning tools launching later this month that will make it easier for customers to automate their bill payments, organize their finances, monitor their credit, and create a budget and savings plan for the future.
The affected states are: Alabama, Alaska, Arkansas, California, Colorado, Idaho, Mississippi, Nebraska, Nevada, New York, Oregon, South Dakota, Texas, Utah, Wyoming and also Washington, D.C.
More Industry

Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →
Achromatic Autos
The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.
Read More →
Used-Vehicle Affordability Worsens
Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.
Read More →