Tea market

LANSING, Mich. (AP) — A Michigan group began collecting signatures on Wednesday for a ballot proposal aimed at limiting the interest and fees charged by payday lenders they say are trapping low-income borrowers in debt cycles.Michiganders…

LANSING, MI — A polling committee is busy asking a question about the November ballot that would prevent payday lenders from charging “predatory” interest rates if approved by voters.The Michiganders for Fair Lending campaign officially…

FloatMe, a San Antonio tech startup that gives workers cash advances on their next paycheck, said it has increased $16.2 million from investors during its last fundraising.Overall, the startup has raised $49.1 million in funding since June…

Payday loans usually come with very high interest rates and are often based on your income. Personal loans are long-term installment loans that generally have…

Milwaukee, Wisconsin- The pandemic has created an environment of uncertainty and financial need, especially for people in Wisconsin who have lost their jobs and suffered pay cuts/reductions. As things slowly return to normal,…

TOPEKA, Kan. (WIBW) - With payday lenders able to charge up to 391% interest in the Sunflower State, community leaders have called on Kansas lawmakers to change.Topeka JUMP says community members from local and state organizations came…

This week, Wells Fargo joined the list of big banks introducing short-term credit products — and the much smaller OneUnited Bank in Boston unveiled its own version, designed as an alternative to payday loans.OneUnited's loan, called…

The new director of the Consumer Financial Protection Bureau, Rohit Chopra, began to shake his interventionist saber only two months after his confirmation in the Senate. Whether pushing the Federal Deposit Insurance Corp. Whether it's…

When the coronavirus first posed a threat to the health and finances of Americans,…

https://www.youtube.com/watch?v=ZiWL11hIBgMStudents don't just care about finals, but also how they will pay for the upcoming semester. Tuition for the winter semester is due on December 24, and students are rushing for cash just to pay…

Payday loans are a high-cost form of unsecured credit where you borrow a relatively small amount of money until your next payday. When your boiler is racing in the middle of winter or your car breaks down and you have no…

American voters have spoken – and not just for the next president. They also support cracking down on what some see as predatory lending, especially in the form of payday loans. In the November election, South Dakotans voted to cap…

The National Credit Union Board of Directors approved a final rule which will allow credit union service organizations to engage in any type of lending authorized for federal credit unions.Currently, CUSOs – companies owned by credit unions…

Payday loans have become a way for some people to get quick cash when they need it, but it can come with high costs and quickly recreate a “quicksand” effect where borrowers take out additional loans to cover outstanding outstanding…

3 injured when car hits MoDOT truck on I-44 4 hours ago…