PayDay lending

US Bank Launches Loan To Compete With Payday Lenders

US Bank Launches Loan To Compete With Payday Lenders
US Bank Launches Loan To Compete With Payday Lenders
September 11, 2018  |  Alternative Credit

U.S. Bank is entering the small-dollar lending arena. Going forward, U.S. Bank depositors will be able to tap into an online, digital lending product aimed...

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Why Wonga Finally Called It Quits
Why Wonga Finally Called It Quits
September 04, 2018  |  Alternative Credit

U.K. payday lending startup Wonga has come to the end of the road, having filed for administration (similar in concept to bankruptcy in the U.S.)...

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Wonga Goes Belly-Up
Wonga Goes Belly-Up
August 31, 2018  |  Cross-border Payments

The U.K.’s largest payday lender is shutting down after a surge in complaints from former customers. Get the Full Story Complete the form to unlock...

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The Regulatory Future Of Payday Lending
The Regulatory Future Of Payday Lending
August 14, 2018  |  Alternative Credit

Payday and short-term lending is a contentious topic in the United States, particularly when it comes to its regulation. The loans, usually for small-dollar amounts and...

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Payday Lender Wonga Gets £10M Lifeline
Payday Lender Wonga Gets £10M Lifeline
August 06, 2018  |  Investments

Payday loans company Wonga has received a much-needed £10 million cash infusion from Accel Partners and Balderton Capital, among others. Get the Full Story Complete...

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Payday Loan Tycoon Charged With Bankruptcy Fraud
Payday Loan Tycoon Charged With Bankruptcy Fraud
July 03, 2018  |  Loans

After allegedly creating millions of fake debts and selling them to bill collectors, payday loan magnate Joel Tucker was indicted on federal charges. Tucker reportedly...

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Texas Court Rules Against CFPB’s Payday Lending Act Delay
Texas Court Rules Against CFPB’s Payday Lending Act Delay
June 13, 2018  |  Loans

A Texas court ruled on Tuesday (June 12) against delaying the compliance date for the Consumer Financial Protection Bureau’s rule on payday loans. Get the...

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Payday Lending Changes In The Offing For Ohio
Payday Lending Changes In The Offing For Ohio
June 08, 2018  |  Loans

The Ohio House voted in favor of a controversial bill that will make significant changes to the payday and auto title lending industry. Get the...

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