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Tech start-ups KOHO and Hyr partner to bring Canadians sooner rather than later
TORONTO, May 20, 2020 (GLOBE NEWSWIRE) - FinTech startup KOHO is bringing Canadians a new era of toll-free banking, and today they are pleased to announce a partnership with another Canadian tech startup Hyr, which provides application…
Professional racing driver Scott Tucker receives more than 16 years in prison
NEW YORK (AP) Pro racing driver Scott Tucker was sentenced to more than 16 years in prison on Friday after his conviction for running a payday loan company that prosecutors say has deceived millions of struggling Americans financial.US…
CFPB rule requires payday lenders to apply “repayment capacity” standard to loans
News and knowledge
Today, the Consumer Financial Protection Bureau ("CFPB" or the "Bureau") released a new rule that will have a significant impact on the payday loan market. The CFPB will now require lenders to perform a “full…
Fidelity, UC Offer Virtual Financial Literacy Teacher Training So Students Can Save Money
By Maridith YahlNKyTribune journalist
Fifty educators from the region are participating in a four-part virtual training series on financial literacy with Fidelity Investments and the University of Cincinnati Alpaugh Family…
Payday loan limits win backing from Waco board, 5-1 | Economic news
“The community has come together,” he said after the meeting. “It was democracy working at its best. It was a privilege for me to be a part of it. "City Councilor Kinnaird, a banker, said he supported the goal of restricting payday…
How to reduce the financial burden
In these uncertain times, it is more important than ever that you know how to maintain your economic stability. With an ongoing economic recession and with many people continuing to work from home in the wake of COVID-19, it is currently…
Predatory, Uncontrollable Payday Loans in Ohio and Toledo?
Darlene *, a Toledo single mother of two who had two jobs and now has a master's degree, should have lived the American dream. Instead, she was weighed down by the negative impact of payday loans.
Her story began!-->!-->…
A tribe’s fight to bring you 449% payday loans
An Oklahoma tribe is fighting for its right to offer payday loans to consumers in Connecticut, reports the Hartford Courant, ironically claiming that the state's restrictions on its high-rate, short-term loan offerings are…
The lifestyle app focuses on affluent millennials
Velocity, a lifestyle app that allows restaurant patrons to pay and earn rewards directly from their mobile devices, secured one of the largest Series A funding rounds for a business yesterday (June 29) British when it closed $ 12 million…
How U.S. Post Can Save America – And Herself – Quartz
Since the financial crisis, more than 4,800 bank branches have disappeared from the American business landscape.But in many parts of America, the decline of the bank branch has hardly been noticed.This is because in these neighborhoods, the…
KOHO Launches “Early Payroll” Feature: Get $ 100 Before Scheduled Payday
Toronto-based fintech KOHO has launched a new feature called Early Payroll, allowing users to access $ 100 of their scheduled paycheck, three days in advance.KOHO offers a free, reloadable, prepaid VISA spending account for millennials as…
Wal-Mart offers workers a way to get paid sooner
Wal-Mart provides an app for workers to help them budget their money and get paid before payday.The retailer said on Wednesday it had partnered with fintech startups Even and PayActiv to deliver an app to 1.4 million Wal-Mart workers.The…
Student loan debt crisis leads to risky financial behavior
University failure: student loan debt skyrocketsBernie Sanders and Elizabeth Warren have already pledged to do something about student debt. That is why the $ 1.6 trillion issue could play a big role in the 2020 election.Just the FAQ, USA…
PayPal rolls out short-term, interest-free payment plan
Photo (c) Jason Doiy - Getty ImagesPayPal introduced a short-term, interest-free payment plan that could be a viable and more affordable option for a payday loan for many consumers.The company calls the plan “Pay in 4,” allowing a customer…