Category Archives: Autocad Developer

Study reveals racial divide in ads for banks and payday lenders

Payday lenders want to lure people of color into endless cycles of high interest debt. Traditional banks prefer whites as customers. At least that’s what the university researchers concluded after reviewing the advertising and marketing materials for both industries. In a soon-to-be-published article, researchers at the University of Houston set out to understand why blacks […]

CFPB to Restore Firm Position on Payday Lenders

The Consumer Financial Protection Bureau is giving its clearest signal to date that a 2020 regulation easing standards for payday lenders is in jeopardy, despite efforts already by the industry to implement the rule. Trump administration. CFPB Acting Director Dave Uejio – appointed by the Biden administration to lead the agency following Kathy Kraninger’s resignation […]

How black churches helped Dallas subdue payday lenders

In 2009, Reverend Danielle Ayers was approached by a member of her church who said he was stuck. He had taken out a payday loan for a few hundred dollars, and he couldn’t pay it back. Ayers is the justice pastor at Friendship-West Baptist Church, and she was confused: How could a small loan be […]

BNZ funds program to offer workers an alternative to payday lenders

Provided BNZ chief executive Angela Mentis said the PayNow program could prevent some vulnerable workers from falling into the clutches of payday lenders. BNZ provides interest-free, cost-free funding for a payroll program that cash-strapped workers can use to get paid sooner. The bank’s chief executive, Angela Mentis, hoped it would provide an alternative to loan […]

BNZ and PaySauce target payday lenders

Tuesday March 23, 2021, 9:54 a.m.Press release: BNZ Bank of New Zealand (BNZ) and employment solutions provider PaySauce today launched BNZ PayNow, an interest-free way for employees to access wages before payday and an alternative to payday loans predators. BNZ PayNow is a feature of the PaySauce mobile app that allows employees to withdraw funds […]

Texas Payday Lenders Raise Low Interest Paycheck Protection Loans

Click to enlarge Under a shawl of darkness works well here. Daniel Bosse via Usplash When the pandemic struck and shelter-in-place orders were implemented, uncertainty reigned. How long would this last? How serious is it going to get? Restaurants closed. The bars were empty. Toilet paper was missing. Many have adapted to working from home […]

A regulatory shift in favor of payday lenders challenged by 8 attorneys general

They say the new rule violates the National Bank Act and the Dodd-Frank Act, as well as the office’s long-standing policy of strongly condemning bank leasing programs in which a national bank simply acts as an intermediary for illegal loans under the States. usury laws. “Indeed, without any basis in fact, law or policy, the […]