Almost 800,000 U.S. government workers are out of work due to the shutdown and high cost, short term lenders are...
Paycheck advance apps like Even.com, PayActiv, EarnIn, DailyPay and FlexWage are helping to provide employees access to their earned income so...
Payday lenders have mobilized their customers in a bid to help them put pressure on the CFPB to rollback some...
Payday lending has always had a place in financial services as they do offer credit to those who are shut...
News of CFPB Director Cordray’s departure could see regulations on payday lenders lessened; one of Director Corday’s main missions was to crack down on predatory lenders; Director Cordray plans to leave at the end of the months and no long term successor has been chosen yet. Source.
Recent research suggests that payday lenders are marketing directly to consumers who are seeking financial help due to the pandemic;...
There are differing beliefs on payday loans and how far regulation should go to protect consumers; to better answer the effects of payday lending on consumers many people turn to research; results of a study done in 2014 are now in doubt after a watchdog group found that $30,000 of grant funding came from a payday-industry-backed organization; since these types of studies help shape policy it has brought into question how deep these types of studies should be evaluated. Source
French based payments app Lydia has raised a $45mn series B round led by Tencent with existing investors CNP Assurances,...
Square’s Cash App, PayPal’s Venmo and Zelle have all reached out to the government to lend a hand in getting...
American Banker takes a look at 6 ways payments has become a prominent theme during the Super Bowl; pizza chains...