Advances in online communications have revolutionized many industries in recent years. While Uber and its impact on taxis may have garnered the most attention, similar forces have been reshaping vast swaths of the American economy. Yes, established firms have seen...
In response to a recent op-ed on this blog defending payday loans, Rep. Linda Sánchez, D-Calif., countered that payday lenders create “debt traps” by forcing borrowers to take out additional loans to repay escalating interest on their original loan. I...
When you consider where American technology innovation is happening in the United States, places like Silicon Valley or big cities on the east and west coasts might come to mind. As a fintech entrepreneur providing services to online lenders, my experience has found...
WASHINGTON (MarketWatch) — The payday lending industry got a rare showing of regulator support on Monday as the New York Fed took on its critics. Payday lenders have seen a great deal of criticism for their practices. President Barack Obama has said the industry traps...
Native American Financial Services Association provides Treasury with critical information about lending products offered by Tribal Governments WASHINGTON, DC (October 1, 2015) – The Native American Financial Services Association (NAFSA) today announced the release of...
It is difficult for many of us to imagine having to choose between paying the rent on time or purchasing our sick child’s prescription medicine. But for many Americans who live paycheck to paycheck, circumstances like these are an all-too-familiar reality. For these...
