Short-term lending has something of a bad rap in the United States — consumer advocacy groups have long accused them of being predatory debt traps, and both state and federal regulators have spent the last decade writing and rewriting regulations aimed at curtailing what they characterize as the short-term lending industry’s...
Most people make big purchases not so much with the total cost of ownership in mind, but how much it costs them on a monthly basis. In fact, SuperMoney founder and CEO Miron Lulic told Karen Webster, it’s how 80 percent of Americans secure a...
The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. On Tuesday (August 6), Financial Services Superintendent Linda Lacewell...
Not having enough money can be a very expensive — a genuine problem for the more than two-thirds of all American workers who report living paycheck to paycheck. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Plaid’s core business is centered on helping make it easy for developers get up and running with financial apps. That mostly until this point has been focused on areas like basic accounts (savings and checking) and, more recently, investments. But, as the U.S. faces $1.6...
Karla Ogaro was a certified pharmacist in the Philippines before emigrating to Canada. Mohammed Aly, also an immigrant to Canada, was a dentist who ran a clinic that served over 2,000 patients in his native city of Cairo, Egypt. Josie Scapa worked as a nurse on two continents...
Income sharing is not a common method of financing as of 2019 — though, as of late, it has begun to get much more interest from investors and innovators, particularly in the context of student loan financing. The basic structure of the program in a...
In 2010 a small, obscure New York State political party grabbed a lot of viral attention with a video by its candidate for the governorship, Jimmy McMillan. McMillan’s party name and his message are one in the same: “The Rent Is Too Damn High.” Get the...
