March 2021

The UK's largest remaining payday loan company will shut down, despite thousands of complaints about its still unresolved lending procedures. Grant Thornton's Chris Laverty, Trevor OSullivan and Andrew Charters were appointed…

The Government of British Columbia today announced that it is amending the Consumer Protection Act to better protect people who use payday loan services. “Many British Columbians are not immune to financial hardship and have to live…

COLORADO - The Associated Press has said Colorado voters have approved Proposition 111, which cuts the interest rate on payday loans to 36%. It also eliminates all other finance charges and fees associated with payday loans. Proposition…

Max Levchin needs little introduction to the world of technology. As an entrepreneur, he was the co-founder of PayPal (now public), Slide (acquired by Google) and Affirm (apparently on the verge of going public), some of Silicon…

Financial Conduct Authority updates guidelines to help consumers whose finances have been affected by coronavirus, such as those with credit cards and personal loansPayment holidays are designed to help those struggling with their debt…

(Rick Bowmer | AP file photo) Stephen Graham, president and CEO of Standard of Liberty, speaks during a hearing Thursday, September 26, 2019 in Salt Lake City. LGBTQ people who say they suffered shame and suicidal thoughts after receiving…

Google is an adventurous company, but few would consider it a financial regulator.And yet, this is effectively what Google became on Wednesday when it announced that it would no longer run ads for payday loans, the short-term loans that…

Petal, a credit card startup pioneering "Cashflow Underwriting" as an alternative to traditional credit scoring, announced on Thursday the launch of its new Visa No Annual Fee Credit Card, Petal 1. The new card comes with a mobile…

It's easy to be skeptical of credit companies. They consistently rely on customers who don't have enough money to cover their bills and are willing to pay interest on borrowed money in exchange for capital they can spend sooner,…

Branch, the scheduling and payroll management app for hourly workers, has added a new on-demand payment service called Pay, which is now available to anyone who downloads the Branch app. It is an attempt to provide a paid alternative…

As the Consumer Financial Protection Bureau prepares to finalize proposed rules to crack down on payday lenders, critics and supporters are speculating on what would meet the need for short-term, low-value loans. Payday lending has drawn…

By Rabbi Gary S. CreditorWhen my wife and I applied for our first credit card, I looked forward to it until it arrived. When we applied for our first car loan, I had no doubt that we would be approved.…

“Protect everyone, whether you are in the military or not. No one should be subjected to these kinds of outrageous fees. " Bridge Magazine contacted Financial Services Committee Chair Diana Farrington, R-Utica, and an aide told her…

Your credit score is like the bad girl in junior high. She is the guardian, the one who decides whether you are "in" or not. And let's face it, unless the bad girl is really nice to us, neither of us really like her.It sort of sums up…

Patrick Rosenstiel's recent Community Voices essay said that interest rate cap policies would create a less diverse and less inclusive economy. He states that "consumers who turn to low dollar lenders for high interest loans are…

This is where securities lending can become a headache. If you don't pay off your loan on time, you can lose your car because it serves as collateral. So if you choose to take out a title loan, make sure you pay on time so you don't risk…

If you've run out of money and have a few days or a week between now and your next paycheck, you might want to consider payday loans online. These quick cash loans can help you cover the cost of auto repairs, daily expenses, and other…

St. Louis, Missouri - When cash is tight and bills loom, some consumers turn to payday loans. If not approached with caution, these loans can snowball into large debt, with high interest rates and collection tactics under pressure.…

Under Nova Scotia law, lenders can charge a maximum of $ 19 for every $ 100 borrowed, and up to 60% interest (annual interest rate) if borrowers pay late. As Canada's unemployment rate continues to rise due to COVID-19, a Halifax…