January 2022

“Overdraft fees are deeply unpopular with consumers, and consumers now have more choice,” says Leigh Phillips, CEO of fintech nonprofit SaverLife and chairman of the Consumer Advisory Board of the Consumer Financial Protection Bureau. “Previously, they only had mainstream options like banks and credit unions or fringe services like paydayRead More →

Consumer advocates fear loopholes in lending laws could open the floodgates to predatory lending for millions of vulnerable Australians. Key points: Experts say many people seek out payday loans when they are in financial difficulty But some lenders often charge significant fees Consumer advocates say payday lenders can dodge theRead More →

During the first week of the 2022 legislative session, lawmakers introduced several bills that would lower New Mexico’s unreasonable 175% interest rate cap on small loans to 36%. But the Legislature won’t even be able to discuss such measures during the current 30-day session without an official “message” from GovernorRead More →

Monese, the leading pan-European fintech, is expanding its offering with the launch of a new Credit Builder service for its customers in the UK. After opening a waiting list in 2021, Credit Builder is now available and being used by select customers through an early access program before being madeRead More →

(MENAFN – ValueWalk) When it comes to things that may pose a risk to your finances, certain activities may immediately come to mind. Investing heavily in high-risk stock options, quitting your job without a back-up plan, or habitually making large, unnecessary purchases are all obvious actions that can certainly affectRead More →

A district court has fired a challenge to the Consumer Financial Protection Bureau’s (“CFPB”) repeal of the underwriting provisions of its 2017 payday regulations. The CFPB payday loan rule has a long and tortured history. First enacted in 2017, the rule had two main prohibitions: a ban on making paydayRead More →

Customers who have fallen victim to unaffordable payday loans only have days to ensure they get cash back before their lender goes into administration. Cash compensation is sent to thousands of customers who have taken out loans from Money Shop, Payday Express and Payday UK clients. But watch your bankRead More →

MORE than four million payday and home loan customers are being asked to request any repayments that may be owed to them. If you were mis-sold a loan by Provident, Greenwood, or Satsuma, you might be in line for compensation, even if you’ve already paid it back. 1 Provident, GreenwoodRead More →

Links to the breadcrumb Toronto and the GTA Cassandra Dimaria (right), 30, from Woodbridge, is seen here with her cousin Vanessa Pilieci (left). Photo by Fourni Content of the article Against all odds, Cassandra Dimaria remains calm and understanding. Advertising This ad has not loaded yet, but your article continuesRead More →

NEW YORK, January 12, 2022 / PRNewswire / – The Bedrock Care Group, operator of a health and care establishment, has joined forces with DailyPay to allow healthcare professionals instant access to their earned income. The partnership gives Bedrock Care Group employees more financial flexibility during this difficult time forRead More →

Can you use a personal loan for anything? Taking out a loan on behalf of someone else or using it for any form of gambling, including investing, is totally prohibited with any type of personal loan. Some lenders restrict lending a bit more than others and prohibit the use ofRead More →