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Wagely Wins Additional $8.3M in Oversubscribed Pre-Series A Funding

Jakarta, Indonesia and DHAKA, Bangladesh, March 16, 2022 /PRNewswire/ — salary, from Asia the fastest growing financial wellness platform has raised $8.3 million in oversubscribed pre-Series A funding as company expands platform to help workers access their on-demand earned wages in Indonesia and Bangladesh. The funding comes just seven months after securing its seed funding. […]

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Payment Processor That Helped Fake Bilk Discount Clubs Consumers to Pay $2.3M in FTC Case

A payment processor that allegedly helped a bogus discount club system 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 in the case, which was first […]

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Government changes controversial lending rules

The government is making changes to its controversial loan laws, following complaints that it was preventing some people in a decent financial position from getting mortgages and other loans. By Kathryn Armstrong The rules were changed in December in a bid to protect people against loans they could not afford. However, this meant that banks […]

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AG offers tips to avoid scams and fraud

NEW YORK (WWNY) -NEW YORK – New York Attorney General Letitia James has released a list of the top 10 consumer fraud complaints her office received in 2021. This is in recognition of National Consumer Protection Week. “Let this list serve as a warning to all New Yorkers to be on their guard against scam […]

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Philadelphia City Council Moves Towards Nation’s First City Bank

The city council voted 15-1 to pass legislation that will launch the creation of the Philadelphia Public Financial Authority on Thursday. The entity is supposed to provide loans and improve access to credit and other financial services to disadvantaged communities. It is also seen as a first step towards the city creating its own municipal […]

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Chinese companies implicated in financial malfeasance in India: report

NNA | Update: 02 March 2022 10:06 STI New Delhi [India], March 2 (ANI): Since the Covid-19 pandemic, China has been trying to present itself as a reliable partner for economic recovery. But much like China’s vaccines that have raised questions about their effectiveness, the country’s partnership in economic recovery comes with waste, fraud and […]

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Florida tenants have few rights. Officials try to help

OPINION AND COMMENT Editorials and other opinion content provide viewpoints on issues important to our community and are independent of the work of our newsroom reporters. In January, Hialeah tenants protested rent increases outside the Miami office of Eco Stone Group, their new landlord. Pedro Portal [email protected] Here’s the not-so-new news: Florida law leans heavily […]

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Access to earned wages boosts productivity

In a time of pandemic-induced financial and economic hardship, waiting to get paid once a month can be difficult in the face of emergencies, surprise medical bills, and unforeseen expenses. The inability to access earned wages during tough times can also increase the chances of employees resorting to payday loans at high interest rates, further […]

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How does an installment loan process work at Heart Paydays?

An installment loan allows the borrower to withdraw a certain amount of money over time. The loan is then repaid in installments. Typically, installment loans come with fixed payment amounts – they don’t vary throughout the loan. However, loan interest rates may vary depending on the lender and the terms of the loan. Examples of […]

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Bill targeting ‘predatory’ loans gains momentum

Democratic senses Katy Duhigg of Albuquerque and William Soules of Las Cruces support a bill that would lower the cap on interest rates for small loans to 36% from a current maximum of 175%. (Eddie Moore/Albuquerque Journal) Copyright © 2022 Albuquerque Journal SANTA FE — Legislation that would dramatically lower New Mexico’s interest rate cap […]

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‘The OC’ and ‘Gotham’ Star Ben McKenzie Thinks Celebrities Need to Stop Talking About Crypto and Bitcoin

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 wide range of internet projects, from […]

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Pounds To Naira Official Exchange Rate / Black Market Rate Today February 4, 2022

This is the news on the exchange rate between the British pound and the naira at the official and black market exchange rate today February 4, 2022. Read Naija News update on official book rates as well as Black market rates, Bureau de change (BDC) rate and CBN rate. How much costs Pounds To Naira […]

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Viventium Partners with ZayZoon to Provide Access to Earned Wages for Employees and Caregivers | Your money

BERKELEY HEIGHTS, NJ, Feb. 02 Feb. 20, 2022 (GLOBE NEWSWIRE) — Viventium, a SaaS human capital management solution that delivers a remarkable user experience, flexible software and expert guidance so clients can be sure their payroll is done right, and ZayZoon, a market leader in providing access to earned wages and employee financial well-being to […]

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Writer opposes payday loan bill | Letters to the Editor

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. Considering that the current legally […]

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Why banks are eliminating overdraft fees | Personal finance

“Overdraft fees are deeply unpopular with consumers, and consumers now have more choice,” says Leigh Phillips, CEO of fintech nonprofit SaverLife and chairman of the Consumer Advisory Board of the Consumer Financial Protection Bureau. “Previously, they only had mainstream options like banks and credit unions or fringe services like payday loans. Today, neobanks and challenger […]

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Loans that help you solve your car problems

In our daily tasks, we rely on our ability to move from one point to another. We humans have to move to survive, without movement we couldn’t get to work, buy groceries and toiletries or even go to important places. Most of this problem can be solved by getting a car. A car really solves […]

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U.S. consumers continue to face financial pressures amid inflation

About a quarter say they worry about covering basic household expenses As Americans struggle to ride out the effects of the pandemic, inflation presents a new wave of setbacks. While consumers are improving their finances through some measures, other signifiers indicate that some are making risky choices that could further jeopardize their financial footing. in […]

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[COLUMN] Achieve Freedom by Eliminating Your Mountain of Debt —

The TOUGH financial times caused by the pandemic are pushing consumers to the limit. Chargebacks and overdue credit card balances are on the rise again. Faced with layoffs and tough economic times, many people are turning to their credit card to pay for basic expenses such as food and housing. Many people dip into their […]

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Personal habits that can increase financial risk

(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 affect your finances. But what about […]

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Payday loan victims only have days to get the last payment

Customers who have fallen victim to unaffordable payday loans only have days to ensure they get cash back before their lender goes into administration. Cash compensation is sent to thousands of customers who have taken out loans from Money Shop, Payday Express and Payday UK clients. But watch your bank account, because if you don’t […]

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Universal Credit applicants can get an £812 advance if they feel the pinch in January

Those claiming Universal Credit and feeling the pinch in January can apply for an advance of up to £812. This is a “budget advance” and can be used to cover emergency household expenses. However, it is not free money and will need to be paid back, usually through discounts on future Universal Credit payments. Still, […]

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Cap on payday loan rates is bad news for those who need it

Kent Kaiser | The Detroit News Late last year, the so-called “Michiganders for Fair Lending” launched a ballot initiative that would do anything but make lending fairer in Michigan. They named this monstrosity the “Michigan Payday Loan Interest Rate Cap Initiative,” which would likely drive Michigan lenders out of business, hurting working-class Michigan residents. To […]

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What you need to know about payday loans and auto title loans

If the coronavirus pandemic is causing you financial stress, you are not alone. Millions of Americans have lost all or part of their income because they cannot work. Government Economic Impact Payments can help, but some people may look for other ways to borrow money for a short period of time. They may consider options […]

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Churches Fight Predatory Payday Loans

FORT WORTH (RNS) —Anyra Cano Valencia was having dinner with her husband, Carlos, and their families when an urgent knock came to their door. Anyra Cano The Valencias, ministers of the Iglesia Bautista Victoria en Cristo in Fort Worth, opened the door to a desperate and overwhelmed faithful. The woman and her family had borrowed […]

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The battle for the payday lending industry begins

The battle over a proposed new payday loan rule began on Thursday, with supporters saying it would protect needy borrowers and opponents warning it would reduce access to credit and threatening legal action. The rhetorical skirmishes began when the Consumer Financial Protection Bureau released a plan that would require providers of payday loans, auto title […]

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JPMorgan Chase slows down payday lenders

Timothy A. Clary / Agence France-Presse – Getty ImagesJPMorgan Chase plans to give clients more power over their high interest payday loans. JPMorgan Chase will make changes to protect consumers who have borrowed money from a growing power on the Internet – payday lenders offering short-term loans with interest rates up to 500 percent. JPMorgan, […]

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Anderson County to Enforce Governor’s “Stay Home” Order from Midnight

ANDERSON COUNTY, TX (KLTV) – From Anderson County: Anderson County will be required to enforce Governor Abbott Executive Order No. GA-014, which will take effect statewide at 12:01 a.m. on April 2, 2020 and through April 30, 2020 (subject to extension based on COVID-19 status). According to GA-014, “Every person in Texas shall, except as […]

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Smart stimulation: Cash as code

Over the past six months, central banks and governments have opened financial floodgates to deal with the economic fallout from covid-19. By April, 106 countries had introduced or adapted social protection programs, mainly cash transfers, to help people affected by the pandemic. A McKinsey analysis of 54 countries estimates that governments have committed 10 trillion […]

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Find all the stories of the series all year round

The Enquirer this year launched a yearlong series, The Long, Hard Road, to tell the stories of people who live, work and struggle 80 miles in the heart of Greater Cincinnati. The series is the centerpiece of a project called Prosperity Disparity, special reports that examine how financial difficulties are affecting our region. Kroger Co. […]

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Postal Payday Loans: An Insanely Bad Idea

As if by magic Every now and again, the congressman of the day reintroduces an old, tired concept that is asking to the United States Postal Service (USPS) to approve the short-term “payday” credit. The most recent redesign is offered by senator Kirsten Gillibrand (D-NY) who has recently has proposed a law for postal banks. This […]

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Southeast Asia’s internet economy on the brink of a post-Covid boom

(Bloomberg) – Southeast Asia’s scorching internet economy has cooled during the pandemic, but online spending is expected to rebound quickly and triple to more than $ 300 billion by 2025, according to the searches by Google, Temasek Holdings Pte and Bain & Co. The value of transactions in four key areas – e-commerce, travel, media […]