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Native News Weekly (July 31, 2022): DC Briefs
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By Native News Online Staff
July 31, 2022…
This New Work Perk Gets You Paid More Frequently, But There Are Downsides
In the United States, Walmart, an early adopter of pay-as-you-go, allows employees to collect pay only once during each week of its two-week pay period.Kamil Krzaczynski/ReutersSeeking ways to attract workers amid Canada's record labor…
DFPI Bulletin Digest: July 2022
July 2022 DFPI Bulletin Focuses on Small Businesses funding disclosuresproposed rules on commercial financial productsand the Contribution rate 2022-2023 for financial institutions, among other topics.
Editor's Note - California…
Why the Poor Suffer from Poor Health: A Capitalist Legacy
'Inflamed: Deep Medicine And The Anatomy Of Injustice' reveals a critical observation - that inflammation repeatedly links poor health and structural injustice, writes April M short.
ACTIVIST, FILMAST and best-selling author Raj Patel was…
Can they fight an economic slowdown or crisis?
Black banks have struggled to stay afloat for a few decades. There are only 42 left in the country, according to Investopedia. Between 1888 and 1934, there were 134 black-owned banks. Since the so-called racial reckoning…
Hiltzik: Bankers hate a banking regulator that sides with consumers
The US Chamber of Commerce really piled on the grim adjectives when it announced its campaign against financial regulator Rohit Chopra two weeks ago.In the headline and first two paragraphs of its ad alone, the chamber described Chopra,…
Why regulation will help buy-it-now and pay-later giants
Rather than slowing the growth of the BNPL sector, the regulatory review will help it grow by excluding small lenders, enhancing the reputation of the industry and bringing it into the credit reporting system.Getty
After a…
GOP lawmakers appeal court order ending Michigan abortion ban
A "judicial opinion that goes too far to settle this issue usurps the power of the Legislative Assembly, exacerbates polarization and stifles the potential for a democratic solution and public buy-in," argued the lawmakers' legal brief. .…
Pine Nuts: Failed Personal Finance Course
Michigan is set to become the 14e the state of mandating a personal finance course in high school, congratulations. I only wish we had a personal finance class when I was in high school.
Left to my own devices,…
Pine Nuts with McAvoy Layne: Failed Personal Finance Class | Carson City Nevada News
Michigan is about to become the 14th state to mandate a personal finance course in high school,…
Sketchy ads on TikTok encourage high-interest payday loans
A group of secret TikTok advertisers are using sketchy tactics to push massive loans that experts say could violate misleading advertising laws, The Post has learned.
Some of the ads tease "almost instant"…
Predatory lenders make money from rising gas and food prices
Most want to avoid payday loans, which offer quick cash against future paychecks without a credit check and come with an interest rate of over 500%. But rapidly rising prices for food, fuel and rent leave them with few options.To predatory…
[COLUMN] Customer compares Chapter 13 with various alternatives for $60,000 credit cards —
THE client is 50 years old and married. He owes $60,000 in credit cards. He pays $2,000 a month in minimum credit card payments to keep the $60,000 current. His wife is not jointly and severally liable on these cards. She only…
Our bodies, our societies and our planet are inflamed for the same reasons.
Activist, filmmaker and best-selling author Raj Patel was dressed as a genetically modified tomato when he met Rupa Marya, MD over a decade ago. They were at a protest organized against the use of pesticides, and Marya, who is both a…
Business groups claiming to support service members do not
In 1994, Congress passed the Uniformed Services Employment and Re-employment Rights Act (USER) with the goal of prohibiting discrimination against members of the military in employment, as well as ensuring minimal disruption to…
Review of possible financing installment loans 2022 – Forbes Advisor
Although Possible Finance can quickly offer small loans to borrowers with bad credit (or no credit), it charges higher APRs than some other personal lenders. Here's how Possible Finance's installment loans stack up…
Michigan lawmakers agree to “beer walls,” swim-up bars; “We need these things”
Hotels, resorts and water parks that have a liquor license would have the ability to open swim-up bars for adult guests under bipartisan House legislation directed at Governor Gretchen Whitmer after a vote of 37 to 1 in the State Senate.…
How bank closures are hurting consumers and what you can do about it
Select's editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from…
Talent-hungry employers offer workers naturalization help
Amazon.com Inc. is at the forefront of efforts to help workers obtain citizenship and other immigration benefits, an effort to attract and retain talent, as government officials and business groups consider immigrants as the key to meeting…
Press Releases | Press | President’s Press Room | Chair
19.05.22
BuzzFeed Investigation Showed KKR Puts Profits Before Patients, Leading to Abuse and Neglect and Putting Patients' Lives at Risk
washington d.c. — US Senators Patty Murray (D-Wash.), Chair of the Senate…
Virginians win $489 million in payday loan settlement – Daily Press
Online payday loan companies that charged up to 919% interest will spend $489 million to repay some 555,000 borrowers, to settle a class action lawsuit brought by eight Virginians.The lawsuit alleged that Golden Valley Lending; Silver…
VINCE NEIL of MÖTLEY CRÜE featured in new commercial for short-term loan provider DOLLAR LOAN CENTER
MOTLEY CRUE leader Vince Neil is featured in a new advertisement for the loan approval machine of Dollar Loan Center, a short-term loan provider with more than 50 locations throughout Nevada and Utah. Established in 1998, Dollar Loan…
Tip recap: Nothing goes beyond money: Newly approved pilot program will provide $1,000 per month to…
City Council approved a pilot program at its May 5 meeting to provide monthly payments of $1,000 to 85 households for an entire year. Once…
Money Mutual Reviews: Best Bad Credit Loans Market For Fast Approval Of Easy Personal Loans
Loans for bad credit
Glendale, California
--Direct News--
Mutual money connects with the best loans without a credit check lenders and benefits from rapid and sustainable financing. Money Mutual is a friendly corner for…
What can $1.3 million accomplish? New York residents have their say
More than a decade after launching participatory budgeting programs in several neighborhoods, the City is bringing the idea to all five boroughs.
Ramatu Ahmed…
Economic disobedience: what is it and how does it work?
This story is published as part of Teen Vogue's 2022 Economic Security Project Scholarship.As the COVID-19 pandemic crippled the global economy in March 2020, a particular trend emerged in several cities: people started hanging white sheets…
Tip recap: Nothing goes beyond the money: City to launch guaranteed income pilot program –…
City Council approved a pilot program at its Thursday, May 5 meeting to provide monthly payments of $1,000 to 85 households for an entire year. Once people are accepted into the guaranteed income pilot, they…
Michigan Abortion Law: What You Need to Know If SCOTUS Overthrows Roe
Related:If this official ruling follows the draft's legal arguments — authored by Samuel Alito and joined by four other conservative justices on the nine-judge tribunal — the legality of abortion would be up to each state. Under a 1931 law…
Black money, donors like Steven Spielberg fuel Michigan’s suffrage fight
The Sixteen Thirty Fund, a liberal black money powerhouse that has donated $2.5 million to a group fighting the GOP initiative and another $700,000 to a new Promote the Vote committee seeking to expand human rights vote in the Michigan…
7 economical ways to spend your tax refund
For millions of Americans, the biggest incentive to complete their tax returns every spring is the prospect of getting a large sum of money at the end of the process.Averaging $3,100 this year, the tax refund is an important source…
The CFPB announces its intention to supervise more non-banking establishments; Ballard Spahr will…
The CFPB has announced that it plans to invoke its "sleeping authority" to oversee non-banks engaging in risky consumer behavior. Along with this announcement, the CFPB issued a rule of procedure regarding the confidentiality of…
Mattea Roach on her “Jeopardy!” sequence, 15 minutes of fame
TORONTO-
Canadian "Jeopardy!" champion Mattea Roach found herself at the center of an ownership dispute.
The 23-year-old Torontonian — or is he a Haligonian? – tutor is now tied for the eighth-longest streak in game show…
US Secretary of Education Right to Make Financial Education Classes Mandatory | Your money
LOS ANGELES--(BUSINESS WIRE)--April 20, 2022--US Secretary of Education Miguel Cardona has said personal…
Get Instant Same Day Payday Loans Online in California –
California is a great place to live thanks to its warm climate and endless beaches. Each city in the state has its particular vibes. At the same time, some people find the cost of living quite expensive here. No wonder so many people…
Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter – April 2022 #2 |…
Like most industries today, consumer credit services businesses are significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a COVID-19 Resource Center to guide customers through this unprecedented global…
Access to earned wages under increasing scrutiny from regulators
(Photo: Shutterstock)
As the prevalence of Earned Wage Access (EWA)/pay-as-you-go providers increase, the product they provide is coming under increasing scrutiny and some are calling for increased regulation.
Employees who use EWA's…
CFPB finds payday borrowers continue to pay significant rollover fees despite state protections and…
A report released today by the Consumer Financial Protection Bureau (CFPB) shows that few payday loan borrowers are benefiting from no-fee extended payment plans, which must be offered to borrowers in the majority of states…
Slick Cash Loan Offers Instant Loans Guaranteed Approval Online Across the United States
Slick Cash Loan makes it easy for anyone to get a loan with instant loans online with guaranteed approval.Slick Cash Loan, the leading online loan service renowned for its fast and reliable loan services, now offers online instant loans…
GoDo and Highnote Bring Financial Inclusion to Millions of Americans Living Paycheck to Paycheck |…
SAN FRANCISCO, April 05, 2022 (GLOBE NEWSWIRE) -- GoDo, a fintech company offering no-cost, same-day…
From housing assistance to repairs, there’s no quick fix for decades of economic racism…
The history of racism, discrimination and violence runs deep. Whenever black Americans have made progress, they have been removed either legally, such as when the city council of Manhattan Beach, California, used eminent domain in the…
Why financial literacy matters, from saving to paying off debt
Walrus Pictures | Digital vision | Getty ImagesTo succeed financially, knowledge is essential.Yet many Americans lack financial literacy. This can impact everything from the amount of money saved to the debt owed.The situation is…
Is access to earned wages the way of the future? 5 tips for employers looking to attract and retain…
To combat a tight job market and a seemingly shrinking workforce, employers are looking for creative ways to retain and attract talent. An Earned Wage Access Policy — a groundbreaking benefits program that gives employees near-instant…
Michigan’s term limit ballot proposal is criticized as “misleading”. Is it?
LANSING—Would a recently launched Michigan ballot proposal increase or decrease term limits for state lawmakers? It depends on how you look at it. Voters for Transparency and Term Limits — a bipartisan petition group seeking to amend the…
The buy now, pay later model to pay for gas as prices soar
"We have been working with Chevron since 2021, so this is nothing new and unrelated to the current global geopolitical situation," Klarna said in a statement.Yet it's another financial strategy that consumers are using to deal with rising…
Mike Tyson launches line of “Mike Bites” ear-shaped cannabis gummies
Getty Images
Nearly 25 years after being disqualified from the World Boxing Association!-->!-->…
New Mexico’s century-old constitution plays oil and gas game
The 2022 New Mexico Legislature session ended four weeks ago, but many who worked during the session are still scratching their heads over what they saw.
Apparently, they attended a biannual…
Consumer claims unlicensed lender tampered with tribal ownership
By Joyce Hanson (March 15, 2022, 8:02 p.m. EDT) – Lending website FirstLoan.com has been slapped with a proposed class action lawsuit in federal court in Illinois accusing it of making predatory loans with annual rates of up to 700%,…
The pandemic has sparked a golden age of crypto scams
Crypto numbers can be unreliable - according to some studies, up to 90% of trades on most exchanges are "wash trading": bogus trades designed to generate a false impression of volume, which in turn attracts more traders and influences…
In Recognition of National Consumer Protection Week, California Attorney General Bonta Highlights…
Urges consumers to report violations of law to the California Department of Justice at oag.ca.gov/report
March 7, 2022 - OAKLAND – In recognition of National Consumer Protection Week, California attorney Rob Bonta today highlighted…
In Recognition of National Consumer Protection Week, Attorney General Bonta Highlights Consumer…
Urges consumers to report violations of law to the California Department of Justice at oag.ca.gov/report
OAKLAND - In recognition of National Consumer Protection Week, California attorney Rob Bonta today highlighted ongoing efforts to…
More states seek to cap consumer interest rates at 36%
As efforts to implement a national rate cap stall, more states are considering banning consumer loans with annual percentage rates above 36%.New Mexico lawmakers recently approved a 36% rate cap, which would reduce the state's current…
Small business support hits the streets of Philadelphia
The new Biz on Wheels van brings office services and free tax, loan and marketing advice to the city's commercial corridors.
Throughout the pandemic, as The…
Startup Offers Payday Reimbursed Loans | PaymentsSource
A former Citigroup executive has raised about $9 million in a new round of seed funding for Paywallet, which extends credit to borrowers whose repayments come from their paychecks.Jacksonville, Florida-based Paywallet has piloted the…
MANDEL: The killer is sentenced to life without the possibility of parole for 18 years
Links to the breadcrumb
Toronto and the GTA
criminality
Abdiljibar Mahamoud beheaded his ex Brittney Newman in front of their two young children in 2018
Brittney Newman, 25, was beheaded in front of her two children…
Government agency aims to crack down on student loan servicers who flout forgiveness rules
Ting Shen/Bloomberg via Getty ImagesOn Friday, the Consumer Financial Protection Bureau vowed to crack down on student loan servicers who flout rules on loan forgiveness for public servants.The government agency said it 'plans to…
Inside the fight for banks to benefit their communities • Sacramento News & Review
As banks continue to merge, advocates are trying to ensure low-income communities won't have to pay for it.By Robin Urevich, Capital & MainThis story is produced by award-winning journalism association Capital & Main and…
Bragar Eagel & Squire, PC reminds investors that class action lawsuits have been filed… |…
NEW YORK, 07 Feb. 12, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, PC, a nationally recognized…
Is San Antonio FloatMe a Safer Alternative to Payday Loans?
FloatMe, a San Antonio tech startup that provides cash advances to workers on their next paycheck, said it raised $16.2 million from investors in its most recent fundraising round.Overall, the startup has raised $49.1 million in funding…
At the heart of the fight for banks to benefit their communities
At a time when the big banks getting easy approval for profitable mergers, say some California community groups, not so fast. Dozens of them are seeking to block US Bank's bid to acquire Union…
What is a banking desert?
What is a banking desert?
A banking desert is a census tract or neighborhood that has no bank branches within or within 10 miles of its center. Economists at the Federal Reserve Bank of New York have identified 1,214 banking…
Earned Wage Access Products Under New CFPB Scrutiny, USA
The CFPB should reconsider Trump-era guidelines that exempted certain earned wage access products from federal lending laws, as states consider their own safeguards for the rapidly growing industry.Consumer advocates have been pushing for…
Intuit QuickBooks Gives Small Businesses and Their Employees Faster Access to Money with Two New…
QuickBooks Get Paid Upfront lets eligible small businesses access up to $30,000 in unpaid invoice funds; QuickBooks Early Pay gives small business employees access to cash before payday Intuit QuickBooks today announced…
Scary fraud ensues when identity theft and usury collide – Krebs on Security
What's worse than finding out that identity thieves have taken out a 546% interest payday loan in your name? How about a loan at 900% interest? Or how about not learning about the fraudulent loan until it's turned over to…
Navient Settles With State AG Coalition Over Alleged Unfair, Deceptive, and Abusive Practices in…
On Jan. 13, a coalition of 39 state attorneys general — led by attorneys general from Pennsylvania, Washington, Illinois, Massachusetts and California — reached an agreement with student loan manager Navient over of allegedly unfair,…
Bragar Eagel & Squire, PC reminds investors that class action lawsuits have been filed… |…
NEW YORK, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, PC, a nationally recognized…
California company to pay $1.5 million for illegally obtaining financial data from millions of…
A Santa Monica company that allegedly tricked millions of consumers into providing sensitive information under the guise of connecting them with lenders will pay $1.5 million in civil penalties imposed by the Federal Trade Commission.…
FIRSTCASH ALERT: Bragar Eagel & Squire, PC Announces Class Action Lawsuit Has Been Filed…
NEW YORK–(BUSINESS WIRE)–#To classify–Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed against FirstCash Holdings, Inc. (“FirstCash” or the “Company”)…
San Jose’s idea of launching a public bank is no longer on the table
January 6, 2022 San José lawmakers explored creating a public bank a few years ago, but it came to naught.The idea was introduced by board members Magdalena Carrasco, Sergio Jimenez and Raul Peralez in a 2019 memo, after San…
Lead generator who deceptively solicits loan applications from millions of consumers and…
A lead generation company that has collected sensitive information from millions of consumers under the guise of putting them in contact with lenders will pay $ 1.5 million in civil penalties and face restrictions on its operations as a…
DFPI Efforts Boost Participation in US Treasury-Funded Mortgage Relief Program
State financial regulator reporting requirement and notices to licensees to participate in the federal program yield results that better protect homeowners
SACRAMENTO - Following Governor Gavin Newsom's…
Emergency credit score: borrow up to $ 5,000 for 26 months
Emergency credit score: borrow up to $ 5,000 for 26 months
Are you currently caught in a monetary rut? Do you want a remedy where you can use a few and pay off the loan in small, stress-free installments that…
Fig Loans Personal Loans Review
Fig Loans is an online lender that offers small personal loans to borrowers with medium to low credit. It also offers credit-building loans, intended to help borrowers build credit when payments are made on time.Is borrowing from Fig Loans…
Bank of America Balance Assist Lender Review
Bank of America's Balance Assist program can provide small, short-term loans to bank customers for a flat fee. The program, created in part to help customers avoid high-interest payday loans, is expected to be available nationwide in early…
How Does a Credit Check Work?
Posted on Saturday, January 1, 2022, 11:15 a.m.
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Critical factors and you blogging. Invest the money of the day when you look at Cape Girardeau,…
Critical factors and you blogging. Invest the money of the day when you look at Cape Girardeau, Missouri
Payday Cash Advances When Looking In Cape Girardeau, Missouri (MO) And Why You Needed Them
Once the…
Quick cash funding provided Ocean Payday Upgrades
Quick cash funding provided Ocean Payday Upgrades
Taken under the water of CA capital now available, The People are a truly renowned fast-paced financial institution.
Its lender will fund your extremely…
Fig Loans Personal Loans Review 2021 – Forbes Advisor
Fig loans are an expensive option. The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here is how Fig Loans compare to other lenders.
Loans Fig vs. Personify Financial…
US Office of Consumer Affairs orders fintech LendUp to halt new loans, pay fine
WASHINGTON, December 21 (Reuters) - (This article from December 21 corrects LendUp's shutdown date from 2020 to 2022)The United States Consumer Financial Protection Bureau (CFPB) ordered LendUp Loans to pay a penalty of $ 100,000, to stop…
Americans are struggling to make ends meet this holiday season as pandemic uncertainty remains,…
FORT WORTH, Texas, December 21, 2021- (BUSINESS WIRE) - Elevate Credit, Inc. (NYSE: ELVT) (âElevateâ or âCompanyâ), a leading technology provider of innovative and…
Loans without credit check to unemployed people. Online improvements that pay off
Loans without credit check to unemployed people. Online improvements that pay off
Are Internet Payday Advances Already Appropriate For Florida Brand Finance For Under 500 Credit History, Dollar Loan Options,…
More Consumers are Using Buy Now, Pay Later (VIDEO)
Consumer protection advocates fear that buy-it-now and pay-on-pay products are innovative debt traps.It's finals week at the University of California Los Angeles. Akunnia Akubuilo, a junior political science graduate, took the time to…
Cash Advance Phoenix AZ Immediate, Become a Cash Loan or Payday Loans Française |
Cash Advance Phoenix AZ Immediate, Become a Cash Loan or Payday Loans Française |
Obtaining a cash advance or cash advance in Phoenix Arizona is relatively easy, you need to take a close look at…
Alternatives to payday loans in states where they are prohibited
Payday lenders have effectively leveraged the sovereign reserve status of Native Americans. Often times, they forge partnerships with tribal members to offer loans in addition to the…
California considers cash bond unconstitutional, but it still crushes families here
Four hundred and forty thousand.According to a report by the ACLU and Color of Change, it is the number of people incarcerated on a given day in the United States without being convicted of a felony. This represents about 70% of all…
Everything you wanted to know about Wisconsin payday loans online and you were also embarrassed to…
Everything you wanted to know about Wisconsin payday loans online and you were also embarrassed to find out about
LendUp was established in 2012 as a good number of payday advances that could help buyers break…
Survey: 90% of borrowers regret having taken out a personal loan
DebtHammer.org results show 80% say their short-term loan made their financial situation worse instead of helping them
Low-income households see savings as impossible, but with the right strategy, it is…
Saint-Vincent de Paul casts a safety net for families in difficulty
EL SOBRANTE - The sound of flowing water as dozens of goldfish glide around an aquarium in the living room creates a calming vibe, a stark contrast to the nearly four years of physical and emotional turmoil that Rich Parker and his family…
Benefits of Payday Loans – BOSS Magazine
Reading time: 2 minutes
Payday loans are short term, high interest loans that cash strapped people take out to meet their needs. The risks of payday loans may seem quite high but compared to their benefits the risks seem low. Many…
Cash Advance Apps May Do More Harm Than Help While On Vacation | Smart change: personal finance
Annie millerbernd
Cash flow can get tight during the holidays when bills have to compete with things like gifts and travel for space in your budget.Paycheck…
Why is there still a need for physical bank branches?
This is just one of the stories in our âI've Always Asked Myselfâ series, where we answer all of your questions…
Tapcheck Partners with Leading Home Care Companies to Support Employee Financial Well-Being | New
LOS ANGELES - (BUSINESS WIRE) - November 17, 2021--In honor of National Home and Hospice Care Month in…
Here’s how the California Auto-IRA program can be even more effective
In summary
Policymakers should consider how to expand access to California's automatic retirement savings program.
By Matt NewmanMatt Newman is co-founder of the Blue Sky…
Fintech Upstart teams up with banks and credit unions for small loans
FinTech Upstart plans to work with banks and credit unions to offer a hitherto scarce product: small dollar consumer loans at annual percentage rates of less than 36%.The San Mateo, Calif., Based company, which is already partnering with…
States where people struggle the most with debts – 24/7 Wall St.
Special report
November 10, 2021 7:00 a.m.
Although the COVID-19 pandemic has financially disrupted many households, sometimes adding to the debt…
Lawyers urge 9th Circ. Rethinking the Payday Loan Order
By Victoria McKenzie (Nov 9, 2021, 3:06 p.m. EST) - National advocacy groups have asked the Ninth Circuit for a new hearing or bench review of its split decision to send a payday loan case to the arbitration, saying that fraudsters…
Illinois AG reaches settlement with Cos. on payday loans
By McCord Pagan (Nov 8, 2021, 7:43 p.m. EST) - The Illinois attorney general's office and a state financial regulator say they've reached a deal with three payday loan lead generation companies which requires them to immediately…
Poverty and helplessness: the journey of a woman in the middle of the “struggling class”
In his Preface to Living on the edge, sociologist Céline-Marie Pascale writes that her intention was not only to make visible the lives of "ordinary people", but also to highlight the ways in…