A payment processor that allegedly helped a bogus discount club scheme debit tens of millions of dollars from consumers without authorization will have to pay $2.3 million and face a permanent ban from working with high-end customers. risk following a Federal Trade Commission lawsuit. According to the FTC’s complaint inRead More →

What is a payday loan? payday ready are generally short-term unsecured loans characterized by high interest rates that generally do not require a credit check. Although there is no exact and universal definition of the term, the US Consumer Financial Protection Bureau indicates that this type of loan is usuallyRead More →

LOS ANGELES, February 22, 2022 /PRNewswire/ — When the former Philadelphia Eagle Ray Ellis and contractor Frank Crump met, they discovered a common goal: to invest deeply in our community, one individual and one small business at a time, with the goal of exponential growth. UPI Loans, Frank E. Crump,Read More →

Some images are courtesy of Pexels.com. Others are credited. A interesting study was released in late January 2022. This report examined the state of consumer banking and payment practices and how these behaviors may have changed in light of the COVID-19 pandemic. This study was published by Morning consultationa self-proclaimedRead More →

By DAVID EGGERT, Associated Press DELTA TOWNSHIP, Mich. (AP) — Ballots to expand voting options, restrict payday loans, and overhaul Michigan’s citizens’ initiative process passed the stages ahead of the state board of elections on Friday, allowing organizers to start collecting hundreds of thousands of signatures to qualify for theRead More →

Cryptocurrency has been the subject of a multitude of news stories throughout the year, with more and more variants appearing, attracting additional media coverage. And now a celebrity is doing the opposite of most… Ben McKenzie tells celebrities to stop talking about cryptocurrency. Celebrities have pushed and supported a wideRead More →

Consumer advocates fear loopholes in lending laws could open the floodgates to predatory lending for millions of vulnerable Australians. Key points: Experts say many people seek out payday loans when they are in financial difficulty But some lenders often charge significant fees Consumer advocates say payday lenders can dodge theRead More →

Financial institutions are looking for new ways to generate income while providing more personalized customer service. Financial Technology or Fintech is a great solution that can help them do both. Fintech companies make it easier for people to monitor their investments, save money by analyzing their spending habits, and findRead More →

Nevada Treasurer Dan Schwartz suggested on Friday that payday lenders be strategically located in low-income neighborhoods and near military bases to target those communities. But payday business owners have fought back, challenging how their clients are characterized. “They are hard working men and women, they have jobs, their average incomeRead More →

SPRING HILL – Mayor Rick Graham is seeking the city to join other Midstate communities in limiting the number of alternative financial institutions seeking to locate within its boundaries. Alternative financial institutions are considered to be unlicensed financial institutions that provide short-term loans to high-risk clients through various products suchRead More →