Only 14% of US consumers say they set aside savings for holiday shopping. SAN MATEO, Calif., November 14, 2022 /PRNewswire/ — Americans plan to take a restrained approach to gifts, travel and other spending this holiday season, a sentiment boosted by economic concerns over inflation, rising interest rates interest, layoffsRead More →

People should also be aware of the risks of “old-school predatory lending,” Williamson added, including payday loans, auto-title lenders and rent-to-own businesses. Payday lenders in particular tend to settle in communities of color, Williamson said, and are marketed as easy ways to get money. Often these loans come with highRead More →

On October 20, the Federal Trade Commission (FTC) Posted an advance notice of proposed rulemaking, seeking public comment on the harms resulting from what it describes as “undesirable fees”, that’s to say, allegedly unnecessary, unavoidable or unexpected charges that inflate costs while adding little value. The term also encompasses “hiddenRead More →

insta_photos/Getty Images/iStockphoto Chime is a fintech company, not a bank. Banking services provided by The Bancorp Bank or Stride Bank, NA, Members FDIC. Chime is a popular fintech app that provides users with simple banking services like a checking account, savings account, and secure credit card. It is a veryRead More →

Hi, MarketWatchers. Don’t miss these top stories. Brace yourself: the Fed is about to inflict “some pain” with a 75 basis point rate hike. Here’s how to prepare your wallet and wallet. This is the Federal Reserve’s third 75 basis point rate hike this year. Read more Existing home salesRead More →

Authors): Joyce M. Bernasek, Dominic Duchesne September 9, 2022 Last August, the Government of Canada launched its anticipated consultation document (the consultation document) to solicit the views of stakeholders and vulnerable members of the public on the criminal interest rate and availability of high cost installment loans often offeredRead More →

HARTFORD — With a financial career spanning more than 30 years, Republican Bob Stefanowski cites his business accomplishments as his calling card to become Connecticut’s next governor. But Democrats have been hammering Stefanowski’s record for more than six weeks as they directly target his best asset in a rematch ofRead More →

In the first half of 2022, three states — Florida, Georgia, and Michigan — signed legislation requiring all high school students to take a stand-alone course on personal finance. With increased interest in personal finance courses in every state, we’re diving into the research findings in this space, asking ourselves:Read More →

Since it first emerged in its modern form in Bangladesh in the 1970s, microfinance – the practice of providing financial services such as loans, insurance and savings accounts to individuals or low-income groups that are traditionally excluded from the banking system – has become a multi-billion dollar resource. -global dollarRead More →

Sunday’s vote on the Infrastructure Reduction Act (IRA) showed, once again, the differences between Bernie Sanders (I-VT) and the Democratic Party. Amendment after amendment, Sanders was the only one to support the publicly popular measures that were included in Democratic Party platform in 2020 but rejected by caucus members. AnotherRead More →

To better serve its customers, BridgePayday.com has rebranded itself KashPilot.com. KashPilot is committed to providing consumers with a fast, easy, and convenient way to get online loans fast. With over seven years of experience in the payday loan industry, KashPilot is well positioned to provide borrowers with competitive rates andRead More →

CONNECTICUT — The state’s banking department has reached a settlement with a consumer collection agency trying to collect payday loans that can’t be enforced in Connecticut. Connecticut-licensed consumer collection agencies cannot collect on small loans (less than $15,000) from unlicensed non-exempt lenders, including those affiliated with tribes. Small loans madeRead More →

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. Payday loansRead More →

Decentralized finance refers to a financial system that merges the services provided by traditional banks with next-generation technologies such as blockchain and cryptocurrency. Thanks to these unique foundations, DeFi is able to meet the needs of businesses and consumers, giving them access to loans, savings and checking accounts, trading, interestRead More →

New York, June 13, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Payday Loans Market 2022-2026” – https://www.reportlinker.com/p06285009/?utm_source=GNW Our Payday Loans Market report provides comprehensive analysis, market size and forecast, trends, growth drivers, and challenges, and vendor analysis covering around 25 vendors.The report offers an up-to-dateRead More →

Fintechs and payday lenders are aggressively lending to gig economy workers even as banks and large non-bank financial corporations (NBFCs) become more conservative in the space. Fintech lenders saw demand for food and grocery delivery managers with various app-based platforms jump up to 40% in Q4FY22, industry executives said. HigherRead More →

The Consumer Financial Protection Bureau (CFPB), in conjunction with the New York Attorney General, has filed a proposed stipulated judgment in federal court to settle its case against an upstate debt collection company in New York. © Shutterstock The judgment would order all program participants to exit the debt collectionRead More →

A sign outside Shopify’s head office in Ottawa on September 28, 2018.CHRIS WATTIE/Reuters E-commerce companies, facing a sudden downturn, are hoping that one of their new lines of business can help pick up the slack: lending money. Tech companies that provide online sales and transaction services to retailers and smallRead 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 them as offering consumers interest-free payments without impacting creditRead More →

Mint, a personal finance app, provides users with simple tools to help them manage their finances in times of financial stress. In addition to budgeting, the app offers users two new features: subscription tracking and bill payment negotiations. mint is a simple to use application and offers users a freeRead More →