The BDN Opinion section operates independently and does not set newsroom policies or contribute to the writing or editing of articles elsewhere in the journal or on www.bangordailynews.com. Devin Thomas O’Shea is a writer living in St. Louis. This column was produced by Progressive Perspectives, which is run by TheRead More →

The financial wellness advantage can be critical, especially in times of high inflation, high gas prices and financial hardship. Nearly eight in 10 respondents say DailyPay helps them avoid expensive or predatory alternatives NEW YORK, September 8, 2022 /PRNewswire/ — Amid continued inflation and the high cost of everyday items,Read More →

Desperate shoppers who owe money on up to 800 purchases now and pay later ask Cash Converters to borrow high-cost money to cover their debts. The WA-based group, which has reduced its reliance on riskier, low-reputation payday loans in favor of longer-term loans, says it is responding to more inquiriesRead More →

Are you young and struggling to manage your finances? We are here to guide you. The most coveted type of independence is financial freedom. However, even those with the highest incomes can fall deeply into debt due to a lack of personal money management skills. Financial direction is a fantasticRead More →

Peer-to-peer lending is a relatively new form of borrowing and lending that cuts out the middleman. Peer-to-peer business loans can be an attractive option for online borrowers and lenders because they often offer lower interest rates, are more cost-effective, and provide faster loan approvals than traditional lending methods. If youRead More →

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is intended to help the reader understand our business, our results of operations and our financial condition. The MD&A is provided as a supplement to, and should be read in conjunction with our unaudited condensed consolidatedRead More →

GOBanking Rates Score Quick take: Earnin aims to give consumers access to the wages they have earned without waiting for payday. It gives employees from a wide range of industries real-time access to what they’ve earned. To use the service, you will need three things: a regular salary, a checkingRead More →

JCMR has recently released a new study in its database which highlights the in-depth analysis of the market with the future prospects of Payday loan services market. The study covers important data that makes the research document a handy resource for managers, industry executives and other key people who getRead More →

The crypto market has crashed significantly, with prices dropping so much that some have called the downturn a “crypto winter.” While the news is bad for crypto investors overall, it is particularly damaging for those who have taken out high-interest loans and put up collateral to fund their risky bets.Read More →

Struggling British households are increasingly turning to high-cost lenders as the cost of living crisis prevents them from paying their bills, anti-poverty charities have warned. It comes as subprime lender Amigo, which agreed to pay compensation to customers sold unaffordable loans, revealed plans to launch using a new brand calledRead More →

Founded in 2005, Amigo Holdings PLC (LSE: AMGO, Financial) is a fintech specializing in guarantor loans. These are the types of loans given to someone with bad credit who can call on a trusted friend or family member to back it up. Amigo has secured 80% of the UK collateralRead More →

The loan company provides loan services to government and private employees to help them with additional resources that can help their financial difficulties Award Loans are unsecured, fixed, low-interest loans specifically designed for federal employees. These loans are easily accessible even for employees who have bad credit because the loansRead More →

The United Nations Capital Development Fund (UNCDF) recently committed approximately US$556,000 to support pilot training programs for workers in the garment industry in Bangladesh. The funding will pay for technical assistance and performance-based grants for three companies seeking to promote financial and digital literacy skills and therefore financial and digitalRead More →

With last month’s extraordinary inflation rate 8.3% pushing Americans down, rapidly rising costs associated with food, fuel, housing and child care are putting countless families at financial risk. Knowing that the nation would face continued economic pressure from the pandemic, the US government adopted and implemented an ambitious policy agendaRead More →

The past few years have been difficult for many Americans. Unfortunately, trying to stretch every dollar to buy basic necessities has become the norm. Some might consider a second or third job to pay the bills. This is precisely the type of person that payday loans target. Promising quick cashRead More →

You can see why some retail stocks don’t like the shift from goods to services. By Wolf Richter for WOLF STREET. Americans far outpaced inflation in April. “Real” spending on goods – what consumers buy at retailers, adjusted for inflation – rose during the month, but was down from lastRead More →

Retail therapy in bars and restaurants, cannabis stores and e-commerce? Other retailers not so lucky. By Wolf Richter for WOLF STREET. Retail sales jumped 0.9% in April from March, after jumping 1.4% in March from February, to $678 billion, and rose 8.2% from to a year ago, seasonally adjusted, theRead More →

A home equity loan, also called home equity loan, home equity installment loan, or second mortgage, is a type of consumer debt. Home equity loans allow homeowners to borrow against the equity in their home. The loan amount is based on the difference between the home’s current market value andRead More →

The inequality is clear: while only 1 in 19 white Americans has a credit score of 620 or less – a level considered high risk for most lenders — 1 in 5 black Americans does. The reasons for these disparities are complex, but they stem from discriminatory policies dating backRead More →

The 57-year-old residential school survivor thought the Canada Emergency Response Benefit could be her financial life raft. “I thought the federal government was gracious in granting CERB,” she said in a recent interview from her Winnipeg apartment. “But they are ruthless and relentless in wanting that money back.” Ketchum wasRead More →

The following discussion should be read in conjunction with the consolidated financial statements and related notes that appear elsewhere in this report. This discussion contains forward-looking statements that involve significant uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors,Read More →

By Ismail Amla, Executive Vice President, Professional Services, NCR Corporation The benefits of financial inclusion are known and numerous. Households that lack access to bank accounts or relatively affordable mechanisms for receiving, paying, and spending money end up spending a significantly higher percentage of their income on cash-intensive financial options.Read More →

WASHINGTON, March 2, 2022 /PRNewswire/ — Former US Comptroller of the Currency and Current President of LISEP Gene Ludwig and CEO of NACA Bruce Marks today announced a groundbreaking loan program for minority-owned businesses. Economic Justice Loans will be a model for financial institutions, financial regulators and government to addressRead More →

Here’s a breakdown of payday loan demographics by parental status. Parents are more likely to take out payday loans than non-parents. Parental status Percentage having used a personal loan non-relative 5% relative 8% payday loans in america The rates and terms of payday loans can vary widely by state. SomeRead More →

Financial regulation becomes a catch-22: Regulators are too politicized to be left unattended, but they are not politicized enough for elected officials to control them adequately. Generally speaking, financial regulators are expected to deal with issues considered important but not very controversial, such as the prevention of bank failures. TheirRead More →