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Private banking
The best and worst types of debt to have
Emir Memedovski / Getty Images / iStockphotoGenerally speaking, debt is something you want to avoid when it comes to your financial life. Debt can take a toll on your finances because you are forced to divert some of your cash to pay the…
Sun Country Airlines Holdings (SNCY) announced the launch of a secondary public offering of ordinary…
Tesla headquarters to move from Silicon Valley to Texas, Elon Musk informed“I am delighted to announce that we are moving our headquarters to Austin, Texas,” Elon Musk said at the company's annual meeting of shareholders.Tesla CEO Elon Musk…
CFPB urged to change course on earned salary programs
By Elise Hansen (Oct 12, 2021, 7:34 p.m. EDT) - Nearly 100 organizations on Tuesday urged the Consumer Financial Protection Bureau to revoke or revise its previous actions on earned wage access products, saying the decisions could be…
Consumer advocates urge CFPB to curb payday loan companies
Consumer Financial Protection Bureau Headquarters in Washington, DC REUTERS / Andrew KellySummaryLaw firmsRelated documentsDefenders send letter to new CFPB director Rohit Chopra on access to earned wagesThey argue that EWA is risky, should…
Bronx community invests in black woman’s yoga studio after she found herself homeless and…
Bronx resident Yoasara is manufacturing waves in New York City for the yoga and dance studio she founded and struggled to maintain during the COVID-19 pandemic.Yosara open Sweet Water Dance and Yoga studio during a difficult time in her…
The Long and Short of Taking Longer to Pay – Buy Now, Pay Later Dentons
introduction
Buying items on credit is not a new idea, its origins stretching back some 5,000 years to ancient Mesopotamia. In our modern context, there are a variety of consumer credit instruments available. These include short-term…
Over 12% of Latino households do not have a bank account. It can cost a lot of money.
When Yanely Espinal was growing up, his family did not use a bank.Her parents had immigrated to the United States from the Dominican Republic and, like many newcomers, used only cash.“I've never, ever seen a credit card, a debit card,…
Report: Memphis is # 1 in payday loans
MEMPHIS, Tenn. - Live at 9am this morning, WREG told you about a report showing that Memphis is # 1 in the nation for payday loans. Jake Hill, from the company Debt hammer, told us about these loans and how they affect average…
Over 12% of Hispanic households are unbanked. Why it can get expensive
When Yanely Espinal was growing up, his family did not use a bank.Her parents had immigrated to the United States from the Dominican Republic and, like many newcomers, used only cash.“I've never, ever seen a credit card, a debit card,…
What you need to know about predatory loans
In the fourth quarter of 2020, origins in personal loans grew quarter over quarter as total loan balances declined to $ 148 billion in the fourth quarter. Consumers are still scrambling to raise capital where possible, and there are signs…
When considering a loan, keep your budget open – postpone it online
There is no shortage of options for consumers today for their borrowing needs. Whether you are planning to renovate your home, buy a boat, consolidate debt, pay off a wedding, or just establish and build a credit history, many low-cost…
USPS flirts with postal banking. This is a good thing.
It is rare for Postmaster General Louis DeJoy to do something that deserves praise. Under his leadership, the quality of service provided by the US Postal Service has, for the most part, been in decline. Mail delivery slowed down, for…
How a state bank could challenge payday lenders
Earlier in the pandemic, West Coast states led the way in providing financial assistance to marginalized populations excluded from federal stimulus and relief plans. In Washington, Governor Jay Inslee Made $ 40 Million helping…
5 reasons to be careful with online payday loans
Each month we strive to keep our budget in check, buying only the items we need and trying to never spend more money than we can afford. However, sudden expenses are far from rare. They can occur in any aspect of…