payday loans

Nearly 40% of Credit Unions Offer Instant Access to Payday Loans
Nearly 40% of Credit Unions Offer Instant Access to Payday Loans
December 29, 2023  |  Credit Unions

Credit unions (CUs) have long been a reliable source for credit products such as credit cards, mortgages, auto loans and personal loans. However, with the...

READ MORE >
CFPB Probe Finds Abuse in Auto and Payday Loans
CFPB Probe Finds Abuse in Auto and Payday Loans
July 26, 2023  |  CFPB

America’s consumer watchdog says it’s uncovered deception and abuse in several consumer financial products. The Consumer Financial Protection Bureau (CFPB) released a report Wednesday (July...

READ MORE >
CFPB Sues ACE Cash Express, Alleging It Funneled Customers Into Costly Reborrowing
CFPB Sues ACE Cash Express, Alleging It Funneled Customers Into Costly Reborrowing
July 12, 2022  |  CFPB

Payday lender ACE Cash Express has been accused by the Consumer Financial Protection Bureau (CFPB) of hiding free repayment alternatives from its customers. Due to...

READ MORE >
CFPB: Payday Borrowers Are Missing Out on Extended Payment Plans
CFPB: Payday Borrowers Are Missing Out on Extended Payment Plans
April 06, 2022  |  Alternative Credit

The Consumer Financial Protection Bureau (CFPB) on Wednesday (April 6) reported that most payday loan borrowers haven’t benefitted from extended payment plans, which lenders must...

READ MORE >
Today In Payments: Venmo To Charge Goods, Services Providers; US Credit Card Issuers Up Ante To Attract Cardholders
Today In Payments: Venmo To Charge Goods, Services Providers; US Credit Card Issuers Up Ante...
June 28, 2021  |  News

In today’s top news, Venmo is adding transaction charges for goods and services, and U.S. credit card companies are looking to encourage consumers to borrow....

READ MORE >
Today In Payments: Fifth Third Bank Launches Early Pay; Raisin, Deposit Solutions To Merge
Today In Payments: Fifth Third Bank Launches Early Pay; Raisin, Deposit Solutions To Merge
June 25, 2021  |  News

In today’s top news, Fifth Third Bank has launched an early wage access tool, and two large German FinTechs have agreed to merge. Plus, Outdoorsy...

READ MORE >
‘Rent A Bank’ Fades For Payday Lenders, FIs Step In On Short-Term Loans 
‘Rent A Bank’ Fades For Payday Lenders, FIs Step In On Short-Term Loans 
June 25, 2021  |  Regulation

The regulatory gaze on payday lending is tightening. To that end, as reported by the Associated Press, Congress has voted to overturn Trump-era regulations that...

READ MORE >
Election-Driven Payday Loan Caps Spotlight On-Demand Wage Technology
Election-Driven Payday Loan Caps Spotlight On-Demand Wage Technology
November 05, 2020  |  Loans

Amid the pandemic, a ceiling on payday loans extends … state by state. To that end, in Nebraska this week, voters approved a measure that...

READ MORE >
The Rise Of The Pay-Advance App
The Rise Of The Pay-Advance App
October 05, 2020  |  Gig Economy

For workers living paycheck to paycheck even before COVID-19, having their hours cut back due to the pandemic can stretch already tenuous financial situations to...

READ MORE >