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In a revolutionary turn, Fintech DailyPay allows workers to be paid when they want

Husband and wife worry about how they can pay their bills. getty We have all been conditioned to accept being paid every two weeks or so. While many Americans faced financial hardship during the pandemic, companies kept their wages and collected interest on them. By waiting weeks for workers to be paid, the company earns […]

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Outlook: Should the US Postal Service Grow in the Banking Industry?

YES: affordable financial services would be accessible in each community at local post offices By Nicole Ndumele The U.S. Postal Service recently launched a Postal Banking Pilot Program that allows customers to cash paychecks and business checks up to $ 500 in four cities: Washington, Baltimore, the Bronx and Falls Church, Va. . This modest […]

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Provident Financial plans to pay an exceptional dividend

The bosses at Provident financial group are considering the advisability of distributing an exceptional dividend to their investors in a context of improving the group’s financial performance. The company, which withdrew its dividend at the height of the pandemic, said it plans to distribute 30% of its profits as dividends if economic conditions continue to […]

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Postal banking is finally a reality in the United States (some)

The Covid-19 pandemic has revealed that while we are all interconnected – through the air we breathe, our public health systems, the economy – government is largely absent from American life, leaving us to fend for ourselves as individuals in the so-called “Free market.” The crisis has taken economic toll on American workers. But American […]

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Court delays CFPB payday rule as industry challenge continues (1)

Payday lenders have won an offer to delay a Consumer Financial Protection Bureau rule limiting their access to customers’ bank accounts to collect payments. Payday lenders and auto title lenders do not have to comply with the CFPB rule while the Community Financial Services Association of America and a Texas-based trade group appeal a district […]

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New CFPB director pledges to protect Americans from financial fraud

Credit Scoring, Student Debt, and Payday Loans Top Consumer Concerns By Charlène Crowell On September 28, the US Senate confirmed Rohit Chopra for a full five-year term as director of the Consumer Financial Protection Bureau (CFPB). Chopra is returning to the agency where he previously helped design and implement key protections to create a level […]

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PRO: Postal banking would help lift millions out of poverty and close the racial wealth gap | national news

The U.S. Postal Service recently launched a Postal Banking Pilot Program that allows customers to cash paychecks and business checks up to $ 500 in four cities: Washington, Baltimore, the Bronx and Falls Church, Va. . This modest pilot project is the foundation for envisioned more extensive postal banking services that could include bill payment […]