According to the Bureau of Labor statistics, as of 2018 (the last full year for which data is available), there were 28.2 million foreign-born persons in the U.S. labor force – representing roughly 17 percent of the total number. Foreign workers in the U.S. come from all...
While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. By definition, a pawnbroker offers loans on items that are not accepted as collateral by traditional banks or lenders. Items that typically...
Consumers now have a range of promotional financing deals to choose from the online payments system PayPal that provides zero-interest installment loans to cover the price of their purchase. The terms vary — though they usually range from 6 to 12 months — but all...
Short-term lending has something of a bad rap in the United States — consumer advocacy groups have long accused them of being predatory debt traps, and both state and federal regulators have spent the last decade writing and rewriting regulations aimed at curtailing what they characterize as the short-term lending industry’s...
Most people make big purchases not so much with the total cost of ownership in mind, but how much it costs them on a monthly basis. In fact, SuperMoney founder and CEO Miron Lulic told Karen Webster, it’s how 80 percent of Americans secure a...
The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. On Tuesday (August 6), Financial Services Superintendent Linda Lacewell...
Not having enough money can be a very expensive — a genuine problem for the more than two-thirds of all American workers who report living paycheck to paycheck. Having a simple bank checking account costs an average a monthly maintenance fee of $13.58 or $163...
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” The above quote is usually attributed to Albert Einstein, widely considered one of the greatest minds of the 20th century. As is the case...
Plaid’s core business is centered on helping make it easy for developers get up and running with financial apps. That mostly until this point has been focused on areas like basic accounts (savings and checking) and, more recently, investments. But, as the U.S. faces $1.6...
