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LANSING, MI — A polling committee is busy asking a question about the November ballot that would prevent payday lenders from charging “predatory” interest rates if approved by voters.The Michiganders for Fair Lending campaign officially…

FloatMe, a San Antonio tech startup that gives workers cash advances on their next paycheck, said it has increased $16.2 million from investors during its last fundraising.Overall, the startup has raised $49.1 million in funding since June…

Koho Financial, an online financial services provider, has raised $210 million in venture capital as it attempts to expand its services to offer a new alternative to payday loans in Canada, The Globe and Mail reported on Tuesday. February…

Payday loans usually come with very high interest rates and are often based on your income. Personal loans are long-term installment loans that generally have…

Milwaukee, Wisconsin- The pandemic has created an environment of uncertainty and financial need, especially for people in Wisconsin who have lost their jobs and suffered pay cuts/reductions. As things slowly return to normal,…

This week, Wells Fargo joined the list of big banks introducing short-term credit products — and the much smaller OneUnited Bank in Boston unveiled its own version, designed as an alternative to payday loans.OneUnited's loan, called…

When the coronavirus first posed a threat to the health and finances of Americans,…

https://www.youtube.com/watch?v=ZiWL11hIBgMStudents don't just care about finals, but also how they will pay for the upcoming semester. Tuition for the winter semester is due on December 24, and students are rushing for cash just to pay…

Payday loans are a high-cost form of unsecured credit where you borrow a relatively small amount of money until your next payday. When your boiler is racing in the middle of winter or your car breaks down and you have no…

The pandemic and subsequent lockdowns have slowed economic development in many countries around the world. The United States has not become an exception. The national government is currently struggling with a surplus. Meanwhile, average…

The National Credit Union Board of Directors approved a final rule which will allow credit union service organizations to engage in any type of lending authorized for federal credit unions.Currently, CUSOs – companies owned by credit unions…

"Confirmed judges, confirmed fearsis a series of blogs documenting the detrimental impact of President Trump's judges on the rights and freedoms of Americans. Cases in the series can be found by issue and by judge at this link. Trump…

What Might Change in U.S. Payday Loans Online Policy in 2021 When you need credit, it's easy to fall victim to predatory lending. Applying for online payday loans is one of the easiest solutions to adopt when you need money…

“Demand for small dollar loans fell precipitously in 2020 as many consumers stayed home, paid off debt, managed fewer expenses and received direct government payments,” Leonard said in a statement. On the other hand, Cesar said the decline…

By Annie Millerbernd | NerdWalletSmall, short-term lenders, who are not subject to a maximum federal interest rate, can charge borrowers rates of 400% or more for their loans.But more and more states are reducing that number by setting…

As one of the easiest methods to get a quick cash advance, payday loans are widely offered to the public. Exceptions are states where specific regulations regarding these loans apply. Such a situation is currently inconvenient…

The world seems to be moving faster every year, and yet nothing seems slower than the speed at which paychecks are being handed out. In the US, work done the day after a pay period will take two weeks just to process, with a check or…