A Kansas City payday loan company and its operator will be compelled to pay $132.5 million in restitution to borrowers the company duped, if a...
The death of U.S. payday lending has long been forecast, as opponents complain that short-term, high-interest loans offer consumers little more than an opportunity to...
Cash App, Square Inc.’s mobile payment app, has launched a pilot program to offer short-term loans of up to $200, TechCrunch reported. “We are always...
Earlier this week, the Consumer Financial Protection Bureau (CFPB) issued its final rule on payday lending — revoking some would-be restrictions that date back roughly...
The chairwoman of the U.S. House Committee on Financial Services, Maxine Waters, told the head of the Consumer Financial Protection Bureau (CFPB), Kathy Kraninger, that...
Keeping track of the legal status of short-term lending in the U.S. – which encompasses financial products such as payday loans, pawn loans and title loans...
The U.K.’s largest payday lender QuickQuid is expected to close its doors by the end of the year, The Financial Times (FT) reported on Thursday...
High-interest consumer loans — often known as payday advances — are now banned from having apps on the Google Play store, The Wall Street Journal...
For gig workers, a growing subset of the economy where at least one-third of the U.S. workforce has taken on project-based work, getting paid in...