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Credit Factors and Mistakes – The American Perspective

TThe following information was taken from an interview with Ricki Lowitz, former fellow of the Urban Institute in Washington, DC, and executive director of Working Credit, a nonprofit organization that offers credit counseling and training in seven states. FAULT: Medical collections do not hurt your credit score like other collections do. MADE: While that changes […]

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Leaders Work To Solve The Payday Loan Problem

CITY OF KANSAS, Mo. – Local businessman Richard Moseley, who ran a fraudulent payday loan program, is required to pay civil money fee of $ 1because he is unable to repay the $ 69 million he made in profits. “There should be real restitution so that these people are held to pay for the fraud, […]

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Reviews | Trump’s payback for payday lenders

The Federal Office for Financial Consumer Protection Betrayed Americans Financially Vulnerable Last week by proposing to void the rules designed in the Obama era that protect borrowers from predatory loans involving interest rate of 400 percent or more. The office’s proposal is based on a legally dubious logic that will surely be called into question […]

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CNG Holdings, LLC Appoints Ken Judd President and CEO of Axcess Financial Services, Inc.

CNG Holdings, LLC Appoints Ken Judd President and CEO of Axcess Financial Services, Inc. In his new role, Judd will continue to transform the organization through client-centric solutions, strong risk management principles, a focus on compliance and strategic growth initiatives to move the organization forward. CINCINNATI (PRWEB) December 01, 2020 The Board of Directors is […]

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Democrats look to Biden for progressive financial policies

House lawmakers used the latest watchdog hearing with Trump-appointed financial regulators on Thursday to indicate how they will approach work with candidates for President-elect Joe Biden. Highlighting voter referendums in Nebraska and Florida which, respectively, imposed a 36% annual interest rate cap on payday loans and put the state on track for a minimum wage […]

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Elevate Credit to attend 22nd Annual Credit Suisse Financial Services Forum

FORT WORTH, Texas – (COMMERCIAL THREAD) – Elevate Credit, Inc. (NYSE: ELVT), a leading technology provider of innovative and responsible online lending solutions for unprivileged consumers, today announced that its Managing Director, Jason Harvison, and CFO Chris Lutes to participate in a virtual fireside chat at Credit Suisse 22sd Annual Financial Services Forum on February […]

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5 emergency options when you need the cash now

iStockphoto Through AJ Smith / Credit.com Totalized your car? Have you had a medical emergency? Unexpected job loss? When you’re strapped for cash, it can seem like there’s nowhere to go. In fact, there are tons of options when you need the cash and have run out (or never had) a emergency fund. Of course, […]

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App offerings to facilitate dependence on payday lenders

An app designed to ease employee cash flow worries in the last days before payday is being tested in Scotland after securing support from an ethical investor. Technology developed by Edinburgh-based fintech company Karma allows employees to access £ 300 advances they can spend at major retailers such as Tesco, Asda, Morrisons, Waitrose and Amazon, […]