Financial watchdog to gut nearly all of its payday financing guidelines

Financial watchdog to gut nearly all of its payday financing guidelines NY (AP) — The nation’s federal economic watchdog stated Wednesday it intends to abolish nearly all of its critical consumer defenses regulating payday lenders. The move is a win that is major the payday financing industry, which argued the government’s laws could destroy down a sizable amount of their business. It is also a […]

Fintech App Dave Fights Overdraft Costs and Payday Lenders

Fintech App Dave Fights Overdraft Costs and Payday Lenders Dave, a new fintech software, could be the David to your big banking institutions’ Goliath, fighting exorbitant overdraft charges by warning individuals they’re about to blow their spending plans and also lending them $75 until their next paycheck. With 4 away from 5 People in america residing paycheck to paycheck, the money advance through the payday […]