When is a loan not a loan? That is, in one sense, the question at the heart of proposed new federal legislation around earned wage access (EWA) that is coming on the heels of multiple states debating their own regulations in the absence of substantial federal rules around EWA...
Financial intelligence company IDIQ has launched a platform that aims to help consumers build their credit scores. CreditBuilderIQ, announced Tuesday (April 16), joins the company’s suite of identity theft protection, credit monitoring and financial wellness tools. “With consumer debt at an all-time high, rising delinquencies, and reduced credit...
Voyant has added three new financial planning and modeling tools focused on retirement planning to its financial wellness and wealth management software. These retirement planning simulations are designed to help financial advisors illustrate complex solutions with the click of a button, providing greater visibility and...
Varo Bank has introduced two new products aimed at helping Americans alleviate their financial pressures. The online bank on Tuesday (March 26) announced the launch of Varo Line of Credit, along with the company’s new Smart Bank Account tools, coming at a time when consumers are finding it...
Savings/financial education platform Goalsetter has raised $9.6 million in new funding. The company’s Series A extension round, announced Monday (March 25) was led by an affiliate of Edward Jones and MassMutual through its MM Catalyst Fund, with participation from past investors, including Fiserv and Webster Bank. “This funding will empower us to...
Chime’s fee-free overdraft feature, SpotMe, is now available when members use the Chime Secured Credit Builder Visa Credit Card, in addition to debit card purchases and cash withdrawals. With this overdraft line of credit, members can access up to $200 in fee-free SpotMe coverage when using their...
Social media is very much under the microscope lately due to the controversy surrounding a potential TikTok ban and various cases regarding its regulation in front of the Supreme Court. And with that attention, another issue more central to the payments industry comes to the fore: the use...
Advocates of social media have their work cut out for them these days. From lawmakers insisting China is stealing state secrets via TikTok to educators who blame popular platforms for robbing kids of their self-esteem, social media can’t catch a break. Now comes news that social posts...
In the United States, government-issued child support payments cover only 53% of the expenses associated with raising a child. This leaves co-parents to manage the other 47% to pay for things like medical bills and extracurricular activities independently, with one parent often footing the bill...
