Writer opposes payday loan bill Dear Editor: Recently, I was appalled to learn of a proposed bill at the Indiana Statehouse offering a “solution” to the payday loan industry. SB 352, dubbed the supervised consumer lending bill, claims to benefit the too many struggling Hoosiers who use these predatory services.Read More →
Synchrony Financial is closely monitoring the possibility of regulators reducing late fees in the credit card industry, but it is not overly concerned about the potential impact on revenue, executives said Friday. Analysts asked about credit card late fees during the company’s earnings call, which came two days after ConsumerRead More →
By Victoria McKenzie (January 26, 2022, 8:44 PM EST) – An Illinois debtor has filed a class action proposal against a group of online tribal loan companies for allegedly issuing illegal high-interest loans , adding to a trend of similar complaints across the country that accuse unscrupulous lenders of usingRead More →
Unions are pushing for council staff to be given a £3,000 pay rise to help them cope with the rising cost of energy prices and inflation. Unite, Unison and GMB have submitted a wage grievance to COSLA, calling for a lump sum increase on all pay points and a minimumRead More →
Miquita Oliver is the TV presenter best known for her time hosting T4. She began presenting in 2001 alongside Simon Amstell on Channel 4’s Popworld. The 37-year-old had a career spanning the 2000s and has since worked in radio, hosting shows on Radio 1 and 1Xtra. There are many surprisingRead More →
(MENAFN – ValueWalk) When it comes to things that may pose a risk to your finances, certain activities may immediately come to mind. Investing heavily in high-risk stock options, quitting your job without a back-up plan, or habitually making large, unnecessary purchases are all obvious actions that can certainly affectRead More →
TOPEKA, (KSNT) – Kansans who pay high interest rates for payday loans could see some changes with a new bill that is being introduced. Reverend Annie Ricker, who leads Berryton United Methodist Church, is one of many members of a community activist organization called ‘Topeka Jump’ which is calling onRead More →
Exclusive: Tracy Prees, 47, was £10,000 in debt at her worst two years ago after taking out overdrafts, credit cards and loans – but she has since turned her life around Tracy Prees shared her debt journey ( Image: Tracy Prees) A single mum who couldn’t afford to feed herselfRead More →
MORE than four million payday and home loan customers are being asked to request any repayments that may be owed to them. If you were mis-sold a loan by Provident, Greenwood, or Satsuma, you might be in line for compensation, even if you’ve already paid it back. 1 Provident, GreenwoodRead More →
This week, Wells Fargo joined the list of big banks introducing short-term credit products — and the much smaller OneUnited Bank in Boston unveiled its own version, designed as an alternative to payday loans. OneUnited’s loan, called CashPlease, is designed to help customers of the black-owned bank with $635 millionRead More →
Mobile apps are changing the way people do their banking. The financial industry is now able to offer more services and information directly to customers without having to go through a branch. This article will explore how mobile apps have helped change the industry, as well as some downsides ofRead More →