October 2021

“Make healthy choices to spend less and save more to create wealth, while developing wisdom” I can be healthy, rich, and rich – oops, I mean wise; oh, that’s drugs! Hmmmm, where can I go to get all three? Well, to be healthier, I can eat less in restaurants andRead More →

What is a Payday loans? A payday loan can be described as a short-term unsecured loan with high interest rates. When a borrower writes a check to the lender with a date for the payday, but gets part of the amount in immediate cash from them, it is called aRead More →

Tesla headquarters to move from Silicon Valley to Texas, Elon Musk informed “I am delighted to announce that we are moving our headquarters to Austin, Texas,” Elon Musk said at the company’s annual meeting of shareholders. Tesla CEO Elon Musk told investors on Thursday that the company’s headquarters would moveRead More →

Consumer Financial Protection Bureau Headquarters in Washington, DC REUTERS / Andrew Kelly Summary Law firms Related documents Advocates send letter to new CFPB director Rohit Chopra on access to earned wages They argue that EWA is risky, should be regulated like credit The names of companies and law firms shownRead More →

Bronx resident Yoasara is manufacturing waves in New York City for the yoga and dance studio she founded and struggled to maintain during the COVID-19 pandemic. Yosara open Sweet Water Dance and Yoga studio during a difficult time in her life that required her to live out of the studioRead More →

introduction Buying items on credit is not a new idea, its origins stretching back some 5,000 years to ancient Mesopotamia. In our modern context, there are a variety of consumer credit instruments available. These include short-term and “payday” loans, 0% payment plans and overdrafts offered by banks and lines ofRead More →

MEMPHIS, Tenn. – Live at 9am this morning, WREG told you about a report showing that Memphis is # 1 in the nation for payday loans. Jake Hill, from the company Debt hammer, told us about these loans and how they affect average people. Tennessee state law states that theRead More →

In the fourth quarter of 2020, origins in personal loans grew quarter over quarter as total loan balances declined to $ 148 billion in the fourth quarter. Consumers are still scrambling to raise capital where possible, and there are signs that consumer spending is slowing. In financing access options, theRead More →

There is no shortage of options for consumers today for their borrowing needs. Whether you are planning to renovate your home, buy a boat, consolidate debt, pay off a wedding, or just establish and build a credit history, many low-cost loans are designed for a variety of uses. There isRead More →

Earlier in the pandemic, West Coast states led the way in providing financial assistance to marginalized populations excluded from federal stimulus and relief plans. In Washington, Governor Jay Inslee Made $ 40 Million helping undocumented families. Oregon has implemented the Oregon Workers Relief Fund to alleviate the financial burden ofRead More →

Otto, a fintech start-up that aims to enable people to tap into their vehicle’s equity to access credit, raised $ 4.5 million in a funding round. The Dallas-based company is building a mobile platform that will essentially allow people to borrow against their vehicles at the same interest rate asRead More →

On September 28, the US Senate confirmed Rohit Chopra for a full five-year term as director of the Consumer Financial Protection Bureau (CFPB). Chopra is returning to the agency where he previously helped design and implement key protections to create a level playing field in financial matters for consumers andRead More →

Each month we strive to keep our budget in check, buying only the items we need and trying to never spend more money than we can afford. However, sudden expenses are far from rare. They can occur in any aspect of our life, from sudden medical expenses to auto repairs.Read More →