March 2021

Payday lender Elevate Credit has taken over in the UK, blaming regulatory vagueness and the impact of the Covid-19 pandemic. ECIL offers consumer loans in the UK under the 'Sunny' brand.Elevate is following QuickQuid,…

Chip SomodevillaGetty Images One of the things we need to keep an eye on is the ability of this administration * to continue to do its signature misdeeds under the cover of the pandemic. For…

Payday loans are a risky business. With an average interest rate of 400% blasting the budget, once you've taken out a payday loan, it's hard to get out of it. But there are times when you might not have another…

A study indicates that they cost an average of 652% annual interest. Only Texas is higher.(Leah Hogsten | Tribune file photo) Payday loan rates in Utah are second highest in America, new research shows. Only Texas is higher. |…

Google announced today that it will no longer allow payday lenders to advertise on its systems, as loans often come with high interest rates and quick repayment requirements that push borrowers to get into debt. Payday lenders offer…

Oakland landlords have sent hundreds of eviction notices to tenants during the pandemic, despite the city's current moratorium prohibiting most evictions, according to records obtained by the NBC Bay Area investigative unit.…

Among loan officers surveyed in the last quarter, 49% said their institution's lending standards have tightened somewhat. Almost 12% said their credit standards have tightened significantly.A high credit score and a long history of on-time…

Stilt founders Priyank Singh and Rohit Mittal Stilt, a financial services provider for immigrants to the United States, today announced that it has raised a $ 100 million warehouse with Silicon Valley Bank to loan it to its customers.…

David Johnson, left, and Kirk Chewning, founders and co-owners of Cane Bay Partners, receive the 2019 St.Croix Chamber of Commerce Nonprofit of the Year Award on behalf of Cane Bay Cares, the charitable arm of Cane Bay Partners. (Photo…

On March 24, Congressman Meeks released a political plan setting out his priorities for coronavirus response legislation: “The response of Congress to the coronavirus pandemic must be immediate, and it must be comprehensive to utilize…

For the millions of Americans who struggle to afford an unforeseen expense, high interest payday and online loans may seem acceptable options despite the inherent risk. But the directives issued by For the millions of Americans…

https://causeartist.com/charity-charge-credit-card/ Meet the fig loans. Fig is changing the way people with bad credit experience banking. They offer…

A federal employee on leave holds a sign. Photographer: Andrew Harrer / Bloomberg © 2019 Bloomberg Finance LP FINTECH SNARK TANK OBSERVATIONS In a recent study on the impact of the COVID-19 crisis on employment…

By David Ossip, Chairman and CEO of Ceridian Many Americans - regardless of income level, job type, race, gender, age, or geography - live paycheck to paycheck. Currently, the overwhelming majority of employers pay their employees…

August 22, 2020 - SACRAMENTO - California Attorney General Xavier Becerra, at the head of a coalition of eight attorneys general, has filed a lawsuit challenging the The Federal Deposit Insurance Corporation's (FDIC) final rule that…

The legislative process and the will of voters received a quick kick in the pants of lawmakers this week.This was done in an effort to legalize high interest loans which can put working poor families in a "debt trap".This all comes from…

It's easy criticize payday loans for high fees and frequent loan renewals. For those with poor credit histories or cash shortages, however, it can be difficult to find an alternative. California is however closest to finalizing laws to…