Employees increasingly have the ability to access earned wages as needed between pay cycles when their employees work with on-demand pay providers (also known as Earned Wage Access, or EWA). Today, with inflation of a 40 year highrising consumer prices have accelerated the benefits of EWA, particularly for hourly workers.Read More →

It is estimated that Michiganns without financial resources spend an estimated $3,000 each year on bank fees. Gov. Gretchen Whitmer and the Michigan Open Account Coalition (MOAC) announced a low-cost account for Michigan residents who are unbanked or unbanked. A Federal Reserve 2019 Report found that 22% of adult AmericansRead More →

Buy now, pay later (BNPL) plans are increasingly being offered as a convenient credit alternative that allows purchases to be made in installments, typically four payments over six weeks. The so-called “fintech” (financial technology) companies that offer these plans often advertise that they offer consumers interest-free payments with no creditRead More →

Lending apps are gradually replacing traditional credit agencies or credit unions. Today, traditional lending institutions struggle with the convenience and seamless processes of these apps. Additionally, these apps and online lenders accept applicants regardless of their credit history. However, it can be difficult to identify trustworthy installment loan apps. ThereRead More →

Monday 25 April 2022 12 o’clock; State Library RHODE ISLAND REPUBLIC PARTY HOLDS PRESS CONFERENCE WITH RIGOP CHAIRMAN SUE CIENKI AND SENATE MINORITY WHIP JESSICA DE LA CRUZ On Monday, April 25, the Rhode Island Republican Party (RIGOP) will host a press conference with Senate Minority Whip Jessica de laRead More →

Prices are skyrocketing across Australia. Global supply chain problems, floods, the Covid-19 pandemic and the Russia-Ukraine conflict have all piled up to push up price levels in the country. With inflation soaring, Aussies’ living expenses are becoming a challenge, and they’re bouncing back from riskier ways to meet day-to-day expenses.Read More →

Start your day with LAist Sign up for the Morning Brief, delivered weekdays. Street vendors in Los Angeles are getting support for legal assistance, loans, business advice and other assistance through a $5 million grant administered by a partnership of local organizations. JPMorgan Chase’s grant to the Open Air EconomyRead More →

Employers are looking for creative ways to retain and attract talent. An Early Wage Access (EWA) policy — a revolutionary employee benefits program that gives employees access to their paycheck within an hour of working a shift — could be just what gives companies the edge. In fact, companies thatRead More →

In a time of pandemic-related financial and economic hardship, waiting for a payout once a month can be difficult in the face of emergencies, unexpected medical bills, and unexpected expenses. The inability to access earned wages during tough times can also increase the likelihood of employees resorting to payday loansRead More →

Kevin Stent/Stuff Nicola Willis is calling on the government to pass legislation to quickly resolve the unintended consequences of new responsible lending regulations. Nationally has drafted legislation it says could reverse the damage that new responsible lending regulations have done to borrowers’ chances of getting a home loan. National HousingRead More →

Cryptocurrency has been the subject of a number of news reports throughout the year, with more variants emerging and attracting more press coverage. And now a celebrity is doing the opposite of most… Ben McKenzie is urging celebrities to stop talking about cryptocurrency. Celebrities have pioneered and endorsed a wideRead More →

BERKELEY HEIGHTS, NJ, Feb. 02, 2022 (GLOBE NEWSWIRE) — Viventium, a SaaS-based human resource management solution that offers a remarkable user experience, flexible software, and expert guidance so clients can be confident their payroll is being done right, and ZayZoon, a leader in providing small and medium-sized businesses with accessRead More →

In this 2017 photo, a truck travels east along historic Route 66 in Albuquerque past a sign advertising a home loan business. New Mexico lawmakers are considering lowering the current 175% state cap on small loan interest rates during this year’s 30-day legislative session. (AP Photo/Susan Montoya Bryan) Copyright ©Read More →

Payday loans can be referred to as a payday advance, salary loan, or deferred presentation. This means that a payday loan is a short-term, small, unsecured cash advance that is available in the short-term. This is a fast way to get cash. The principal amount and any interest are usually repaid byRead More →

Payroll is a relatively new system that allows workers to skim money off of their existing wages. This is a straightforward way employers can provide financial support to their employees. This can manifest itself in cash advances, plans, and cases where employees are allowed to withdraw money before their paymentRead More →

The CFPB has filed a lawsuit against online lender LendUpLoans, based in Oakland, Calif., Alleging that LendUp violated a 2016 consent order that required the lender to take over $ 3.5 million in consumer lawsuits as well as paying civil penalties and misleading consumers with alleged false claims about borrowingRead More →

If small businesses don’t recover from the coronavirus pandemic, neither will the rest of the economy. Across America, in cities and towns, are creating auto repair shops, restaurants, mom and pop retailers, and small industrial businesses two thirds of all net new jobs. Additionally, the money people spend in theseRead More →

The TomoCredit team. TomoCredit TomoCredit is a fintech lender that provides loans to people with thin and no credit history. It increased its Serie A on Wednesday, led by Kapor Capital and KB Investment. Here is the 17-page pitch deck that raised $ 10 million. Check out Insider’s business pageRead More →

Copyright 2021 PR Newswire. All rights reserved2021-09-15 Manila, Philippines, September 15, 2021 / PRNewswire / – Tonik, the Phillipines’ first digital-only neobank, has a groundbreaking one Quick loan Product on its platform. The start of Quick loan marks Tonik’s entry into the deeply underserved consumer credit market in the Phillipines,Read More →

Welcome to Wiley’s update on the latest developments and the next developments in consumer protection at the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC). In this newsletter, we analyze the latest government announcements, summarize key enforcement measures, and preview upcoming deadlines and events. We also addRead More →

FORT WORTH, Texas – (BUSINESS WIRE) –Raise Credit, Inc. (NYSE: ELVT) (“Elevate”), a leading technology-driven provider of innovative and responsible online credit solutions for non-Prime consumers; and SpringFour, the only social-impact fintech platform helping financial institutions achieve their Customers the support they need to regain financial control today announced theRead More →

Portland, OR, September 13, 2021 (GLOBE NEWSWIRE) – According to the report released by Allied Market Research, the global Payday Loans Market generated € 32.48 billion in 2020 Download a free sample report (Get a detailed analysis as PDF – 280 pages): https://www.alliedmarketresearch.com/request-sample/10377 The rising awareness of payday loan amongRead More →