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…