DailyPay has debuted “Credit Health,” a tool to help users monitor their financial wellness. Announced Monday (Sept. 16), the offering is integrated into the earned wage access (EWA) company’s app, letting users stay on top of their credit status. The company said the need for...
The Federal Trade Commission (FTC) has announced proposed settlements in a case involving the owners and operators of credit repair operation Financial Education Services (FES). The proposed court orders include permanent bans for those behind an alleged credit repair pyramid scheme and a requirement to turn over...
The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would ban medical bills from credit reports. The proposed rule would stop credit reporting companies from sharing medical debts with lenders and would prohibit lenders from using medical information to make lending decisions, the agency...
The FICO score — what we might think of as the general “shorthand” for lending — was created back in 1989. In the decades since, and now as we’re on the cusp of the middle of the 2020s, relying on the triple-digit number to crystallize...
October 10, 2024
If information is power, the lack of information creates a vacuum, especially in small business banking. As to what’s needed? Call it a single source of truth, a worldwide registry and roster of small business information, some of it self-supplied, that offers a real-time and holistic view of a company’s fortunes and challenges. Markaaz CEO […]
April 24, 2024
Unexpected expenses can pack a financial punch for any consumer, but for those who are already dealing with credit-related issues, the blow can be especially devastating. Take the credit marginalized,...
December 19, 2023
The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management...
December 18, 2023
In a credit-based economy like the United States, credit scores play a crucial role in determining access to credit and financial stability. This poses a considerable challenge for millions of...
September 16, 2024
DailyPay has debuted “Credit Health,” a tool to help users monitor their financial wellness. Announced Monday (Sept. 16), the offering is integrated into the earned wage access (EWA) company’s app, letting users stay on top of their credit status. The company said the need for credit monitoring is more relevant than ever, with 77% of […]
August 05, 2024
The Federal Trade Commission (FTC) has announced proposed settlements in a case involving the owners and operators of credit repair operation Financial Education Services (FES). The proposed court orders include permanent bans...
June 11, 2024
The Consumer Financial Protection Bureau (CFPB) has issued a proposed rule that would ban medical bills from credit reports. The proposed rule would stop credit reporting companies from sharing medical debts with...
April 29, 2024
New government data shows 15 million Americans still have medical bills on their credit reports. That’s according to the Consumer Financial Protection Bureau (CFPB), which notes that these bills remain in spite...
