March 2021

The Trump administration has urged banks and credit unions to compete with high-cost payday lenders to provide more credit options to consumers. But banks remain wary of a product they still consider risky, observers say.Bank prudential…

The mid-summer stalemate in Washington over the next round of coronavirus stimulus is unfolding in the shadow of two grim realities: a rising tide of coronavirus infections and deaths and news that America suffered the worst quarter in…

Volunteers from the Forgotten Harvest Food Bank during a pre-Christmas mobile pantry distribution in Warren, Michigan on December 21, 2020.Émilie Elconin | ReutersPresident Donald Trump signed the $ 900 billion coronavirus relief bill on…

Aimee Picchi | USA Special TODAYTips for dealing with financial stress and seeking helpMarriage and Family Therapist Adriana Alejandre shares tips for dealing with money anxiety and how to seek help during quarantine.Just the FAQ, USA…

“When you get paid is completely in the control of your employer. It's a technology ... decision, ”explains Safwan Shan, CEO of Payactiv. “Earned Wage Access” allows employees to access the wages they have earned before…

As lawmakers wrangle the future of stimulus payments and unemployment benefits, cash-strapped consumers may be forced to turn to credit products to meet upcoming spending. Among at-risk consumers who make up about…

Payday loans can trap you in a vicious cycle of debt. (Source: Getty)More than 30 consumer and community groups are calling for the shutdown of payday lenders, fearing that people who are unemployed and in need of quick access to money…

Who doesn't want to have access to their own money as soon as they earn it, rather than wait until the end of the month? This is the bet that more and more European startups are making. All over Europe, startups are harnessing…

When was the last time you told your friends and family about debt? In fact, when was the last time you got real with yourself on the debt? It's just not something we're supposed to be talking about, apparently. Credit card bills,…

Strong points The National Debt Helpline and Beyond Blue find that financial pressures cause mental health problems.Most financial advisors report that their clients are less stressed and more optimistic after seeking financial advice.Young…

If English is not your first language and you have difficulty understanding, thenNational Debt Helpline financial advisers, such as Sarah Brown-Shaw, can use the interpretation services provided by the Home Office.She says a financial…

FCA sent the following letter today (October 15) to lenders offering high cost short term credit (payday lenders) Dear CEO,Businesses need to take quick action to:• Evaluate their lending activity to determine if credit…

Displaced workers are turning to the odd-job economy in the wake of the COVID-19 pandemic, and likely will continue to do so. By some estimates, concert workers will make up more than half of the workforce by 2023, and that growth has…

The Consumer Financial Protection Bureau released two groundbreaking opinions at the end of the year, both involving access to earned wages. These releases have provided regulatory certainty for one specific vendor while potentially…

the California Consumer Financial Protection Act (CCFPL) entered into force on January 1. The CCFPL demands that the Department of Financial Protection and Innovation (DFPI), formerly the Department of Business Supervision, establish an…

Americans could see the formation of a new federally backed credit bureau if former vice president and presumed Democratic presidential candidate Joe Biden is elected in November, thanks to the efforts of a task force appointed by Biden and…

As people try to find ways to make ends meet during the coronavirus pandemic, some may be looking for ways to ease their financial stress. The Better Business Bureau warned on Monday that people should consider alternatives to payday…

I went there, I did this, I got the invoices for the overdraft fee. I know some readers will despise me for my poor financial planning, but many others will experience this nauseating and…

As millions of Americans lose jobs, shifts and other sources of income during the coronavirus health crisis, financial experts are worried about loan sharks who could benefit. “We saw this during the lockdown crisis, where people…