There is a new normal in the workforce: a younger generation of professionals that prioritize flexibility and technology. Giving rise to the gig economy and a new face of freelancing, these professionals are changing the way employers work, too, including how they pay these workers....
When it comes to managing personal finances, consumers are seemingly taking one step forward and three steps back. For one thing, the portion of consumers who fell behind on bill payments went way up, increasing from 30.7 percent in Q2 2018 to as much as...
Employee financial wellness FinTech ZayZoon has announced a new partnership with APlus Workforce Management Solutions to offer workers access to on-demand payroll. In a joint press release issued Monday (November 12), ZayZoon and APlus said their collaboration means APlus corporate clients will be able to...
The Consumer Financial Protection Bureau (CFPB) has filed a response supporting reconsideration of the agency’s payday rule. According to The National Law Review, the motion requested that a Texas federal court reconsider its June 12 order that the effective date of the rules not be...
November 29, 2016
Short-term lending was the star of a melodrama that managed to last the entire year as the ecosystem prepared for — then reacted to — the CFPB's proposed payday lending regulations. Insults were lobbed and malfeasance alleged but also strange moments of accord and agreement on one point: Consumers need access to credit that doesn't come with abusive terms. PYMNTS literally wrote the book on it all — catch a sneak preview of the greatest hits.
January 28, 2020
The U.K.’s Financial Conduct Authority (FCA) is questioning banks about recently-hiked overdraft fees, some as high as 40 percent and 10 times the cost of a payday loan, Reuters reported on Tuesday (Jan. 27). Britain’s watchdog wants banks to explain how they come up with overdraft pricing after some of the bigger financial institutions more than […]
June 26, 2018
The Consumer Financial Protection Bureau (CFPB) has filed a response supporting reconsideration of the agency’s payday rule. According to The National Law Review, the motion requested that a Texas federal...
May 30, 2018
Consumer advocates in Ohio were granted permission to start collecting signatures to get a constitutional amendment regarding payday loan reform on the ballot. According to Cleveland.com, the Ohio Ballot Board...
December 01, 2016
The Federal Trade Commission shut down a data broker operation that allegedly cheated consumers out of $7.1 million. The scheme is accused of collecting sensitive data from people who thought...
