payday loans

Combating The Payday Loan With On-Demand Wages
Combating The Payday Loan With On-Demand Wages
May 29, 2019  |  B2B Payments

FinTech firms that provide workers with wages on demand (i.e., before payday) emerged with the cash flow challenges of low-wage, hourly workers in mind. Yet,...

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Could Income Share Agreements Displace Payday Loans?
Could Income Share Agreements Displace Payday Loans?
May 29, 2019  |  Alternative Finances

Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get much more interest...

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The Problems With Postal Banking
The Problems With Postal Banking
May 16, 2019  |  Alternative Finances

Last week presidential candidate Sen. Bernie Sanders and freshman New York Rep. Alexandria Ocasio-Cortez made a lot of headlines with the Loan Shark Prevention Act —...

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Battle Over Payday Lending Shifts To Public Comments
Battle Over Payday Lending Shifts To Public Comments
May 14, 2019  |  Legal

The battle over payday lending — specifically, how tough U.S. federal rule will be in governing the industry — is heating up as an important deadline looms....

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Max Levchin: What’s Missing From Today’s Financial Literacy Initiatives
Max Levchin: What’s Missing From Today’s Financial Literacy Initiatives
April 29, 2019  |  Alternative Finances

By the numbers, Americans are not a very financially literate people.  According to a Standard & Poor’s Global Financial Literacy survey only about 57 percent...

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Consumers Still Have Much To Learn To Reach Financial Literacy
Consumers Still Have Much To Learn To Reach Financial Literacy
April 24, 2019  |  Financial Inclusion

As Financial Literacy month comes to a close, we take a look at how consumers are faring with their finances. Despite being saddled with debt,...

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Earnin Investigated For Offering Covert Payday Loans
Earnin Investigated For Offering Covert Payday Loans
April 05, 2019  |  Regulation

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. The New York...

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Stay On CFPB Payday Lending Rule Upheld
Stay On CFPB Payday Lending Rule Upheld
March 25, 2019  |  Regulation

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “payday lending rule” mandated roughly two years...

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Morgan Lewis Principal Weighs In On Payday Loan Debate
Morgan Lewis Principal Weighs In On Payday Loan Debate
February 18, 2019  |  Regulation

The Consumer Financial Protection Bureau (CFPB) said earlier in the month that it will look to overhaul a number of payday loan regulations that were...

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