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Payment Processor That Helped Fake Bilk Discount Clubs Consumers to Pay $2.3M in FTC Case

A payment processor that allegedly helped a bogus discount club scheme debit tens of millions of dollars from consumers without authorization will have to pay $2.3 million and face a permanent ban from working with high-end customers. risk following a Federal Trade Commission lawsuit. According to the FTC’s complaint in the case, which was first […]

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Leveraging Technology to Improve Financial Inclusion in the United States

By Ismail Amla, Executive Vice President, Professional Services, NCR Corporation The benefits of financial inclusion are known and numerous. Households that lack access to bank accounts or relatively affordable mechanisms for receiving, paying, and spending money end up spending a significantly higher percentage of their income on cash-intensive financial options. These options, like money orders […]

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Payday Loan Services Market Outlook by Size, Share, Demand, Current Trends, Progress Status, Growth Strategies, Competitive Landscape and Forecast by 2022-2029

The Payday Loans Services Market research report is a unique research guide that gives a total assessment of the Payday Loans Services market outline and covers the current status review and development factors , current market patterns and current situation survey. Sagacious assessment is done to assess the rate of progress, giving solid data available. […]

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How private and public partnership can solve the epidemic of financial exclusion

Achintya Ray, Ph.D is Professor of Economics in the College of Business at Tennessee State University. Success in life basically depends on one’s ability to participate in the modern financial system. Our accounts in banks and credit unions are the main foundations of our financial lives. Most of us get our paychecks deposited into bank […]

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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 & Main This story is produced by the award-winning journalism association Capital and main and co-published here with permission. At a time when big banks are easily getting approval for profitable mergers, some […]

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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 the Consumer Financial Protection Bureau to rescind a November 2020 advisory opinion stating Earned Wage Access (EWA) products – cash advances […]