consumer finance

Battle Over Payday Lending Shifts To Public Comments
Battle Over Payday Lending Shifts To Public Comments
May 14, 2019  |  Legal

The battle over payday lending — specifically, how tough U.S. federal rule will be in governing the industry — is heating up as an important deadline looms....

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Helping Millennials Live Financially Ever After
Helping Millennials Live Financially Ever After
April 12, 2019  |  Consumer Finance

When Honeyfi got off the ground in 2017, it had a pretty simple idea. Couples could better manage their financial lives if they had a...

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Pressure Mounts On CFPB Over Public Service Loan Forgiveness Program
Pressure Mounts On CFPB Over Public Service Loan Forgiveness Program
April 09, 2019  |  Consumer Finance

Launched in 2008 as a provision of the College Cost Reduction and Access Act (CCRAA), the Public Service Loan Forgiveness program’s objectives were pretty straightforward....

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Rhode Island Eyes Capping Credit Card Interest Rates
Rhode Island Eyes Capping Credit Card Interest Rates
April 09, 2019  |  Consumer Finance

In the United States, credit card balances and the interest rates charged on those balances are on the rise. In the latest data, more than...

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Earnin Investigated For Offering Covert Payday Loans
Earnin Investigated For Offering Covert Payday Loans
April 05, 2019  |  Regulation

Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers. The New York...

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Schwab Bets Big On Subscription-Based Investing
Schwab Bets Big On Subscription-Based Investing
March 28, 2019  |  Consumer Finance

Investing and financial planning company Charles Schwab is moving from its current payment model to a subscription-based one that will provide more hands-on assistance, according...

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Tandem Bank Launches New Automatic Savings Account
Tandem Bank Launches New Automatic Savings Account
March 20, 2019  |  Consumer Finance

U.K. challenger bank Tandem Bank is trying to make it easier for consumers to save by launching a new savings account. According to a report in...

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FCA Calls For Lenders To Curb ‘Unacceptable’ Fees
FCA Calls For Lenders To Curb ‘Unacceptable’ Fees
March 07, 2019  |  Consumer Finance

The Financial Conduct Authority (FCA), the U.K.’s financial watchdog, has found that some lenders are inflicting their credit card customers with an “unacceptable” number of...

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US Credit Card Balances End Year At $870B Record High
US Credit Card Balances End Year At $870B Record High
March 05, 2019  |  Consumer Finance

Credit card debt in the U.S. reached $870 billion at the end of last year, setting a record. Bloomberg, citing data from the Federal Reserve,...

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