Providers and Administrators in blue logo
MenuMENU
SearchSEARCH

USEA Surpasses $1.3 Billion in Secure and Compliant Loan Payment Transmissions

August 26, 2014
2 min to read


ORLANDO, Fla. – US Equity Advantage® (USEA) has passed a significant milestone, transmitting more than $1.3 billion in loan payments for its members, according to the company’s latest operating data. USEA is an industry leader in providing safe and secure early loan payoff services from home and automotive to RV, boat and student loans. The company is fully compliant with the stringent money transmitter requirements related to licensing and bonding in all 50 states via direct licensing and contractual relationships.


US Equity Advantage uses a Tier IV data center with a three-factor security access requirement to house customer data. Authentication methods that depend on more than one factor are more difficult to compromise than single-factor methods, according to guidance from the Federal Financial Institutions Examination Council.

Ad Loading...


“We consider the safety of our members’ money our top priority,” said CEO Robert M. Steenbergh. “USEA uses a full range of Internet security measures, including routers and firewalls, cryptography, and business processes to safeguard their money and personal information.”


US Equity Advantage® meets all requirements as set forth in the Electronic Funds Transfer Act (EFTA) which was enacted by the Board of the Federal Reserve as a way to protect consumers in all electronic fund transfer matters. All customer information is handled in accordance with the Gramm-Leach-Bliley Act (GLBA) which enforces the protection of all customer nonpublic personal information and the Federal Trade Commission’s (FTC) requirements for safeguarding customer privacy. In addition, the company is federally registered with the Financial Crimes Enforcement Network (FinCEN) and complies with all Bank Secrecy Act (BSA) and Anti Money Laundering (AML) requirements as set forth in the PATRIOT Act.

More Industry

Line graphic showing week-over-week wholesale auto price changes
Industryby StaffApril 22, 2026

Black Book: Weekly Market Update

Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.

Read More →
pavement with car and charger wrapped around it painted on
Industryby Lauren LawrenceApril 16, 2026

EV Battery Cycle Life at Risk

Fast charging of electric vehicles provides a solution for range anxiety, but it also poses a risk to battery cycle life due to increased temperatures, according to an EV supply chain data provider.

Read More →
Photo of exterior facade of Beardmore Chevrolet store
Industryby Hannah MitchellApril 14, 2026

Founding Family Sells Nebraska Dealerships

Expanding Midwest automotive group picks up three stores as part of the robust transaction activity early this year.

Read More →
Ad Loading...
Up-close photo of car battery
Industryby Hannah MitchellApril 13, 2026

Automaker Increases Parts Recycling

Stellantis is adding a third end-of-life vehicle dismantling facility to feed its growing reuse business sparked in large part by autos’ growing lifespans.

Read More →
Photo of white 2026 Ford Bronco on a sandy beach
Industryby Hannah MitchellApril 10, 2026

March New-Vehicle Sales Don’t Reflect War

Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.

Read More →
Photo from the rear of the XC60 SUV
IndustryApril 8, 2026

Volvo to Shift Some EV Production to U.S.

The automaker says its movement of some electric-vehicle work to the S.C. factory is part of a more tailored product focus. It also plans to add a new hybrid model to the plant’s itinerary.

Read More →
Ad Loading...
Bar graphic depicting week-over-week change across the various vehicle segments
Industryby StaffApril 7, 2026

Black Book: Weekly Market Update

Last week's wholesale automotive auction activity continued in a healthy mode, though buyers practiced selectivity.

Read More →
red car at a gas station being filled with gas. Efficiency Drives Demand. Providers and Administrators logo
Industryby Lauren LawrenceApril 7, 2026

Gas Prices Driving Consumer Interest

CarGurus’ first quarterly review of 2026 shows that affordability concerns are continuing to drive consumer purchases with a shift to more fuel-efficient options.

Read More →
Blurred photo of red car moving down a road
Industryby Hannah MitchellMarch 31, 2026

Automakers Have More Tricks Up Their Sleeves

JD Power analysts see auto retail faring this year’s storms well through various means, though it acknowledges conditions are challenging to accurately predict.

Read More →
Ad Loading...
background view of Washington D.C. with the capitol building and cherry trees. Text says 'What's the Cost?' with two diverging arrows and the Providers and Administrator's logo
Industryby Lauren LawrenceMarch 31, 2026

Insurance Rates Continue to Fall

Car insurance premiums have continued to decline so far this year, the overall national average settling at $138 per month in March, according to Insurify data.

Read More →