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Court records reveal the outgoing county commissioner applied for a job at a county-funded facility
WILMINGTON, NC (WECT) — Julia Olson-Boseman, chairwoman of the New Hanover County Board of Commissioners, was in court last month. Under oath, she provided several revelations about her drinking habits, her drug and alcohol use, and her…
North Carolina Payday Loans 2022
As the cost of living continues to rise, more and more people find themselves in a situation where they need to take out a payday loan online. If you are one of them, you!-->…
Social Security benefits will make a historic jump of 8.7% in 2023
Between inflation and rising fuel prices, it's no secret that your dollar isn't going as far as it used to. Today, the Social Security Administration released a figure illustrating how much consumer purchasing power has shrunk - and how it…
BBB warns consumers about payday loans and fraud in new study
RALEIGH, NC (September 28, 2022) – As consumers lost their jobs and struggled to make ends meet during the COVID-19 pandemic, many have turned to payday loans and other solutions to short term, with an increase in online solutions.…
Payday Loans Market Outlook 2022 Analysis By Major Key Players | Creditstar, loan flow
Loan market
OREGAON, PORTLAND, USA, September 26, 2022 /EINPresswire.com/ -- According to the report published by Allied Market Research titled "payday loan market By type (storefront payday loans and…
Access to earned wages helps meet the demands of today’s workforce
Learn how an education and childcare company launched a voluntary benefit that gives employees instant access to their earned pay.
It's called Earned Wage Access (EWA) and it's quickly becoming a go-to…
Citigroup’s Fraser and JPMorgan’s Dimon warn of economic risks as they head to Capitol…
(Bloomberg) - The CEOs of America's biggest consumer banks are set to warn lawmakers that Americans are grappling with runaway inflation, as they prepare for tough questions about how they help customers to be hit by the price hike.The…
Predatory payday loan companies thrive amid unequal laws and stolen data
Special for the News Herald
ASHEVILLE — As consumers lost their jobs and struggled to make ends meet during the COVID-19 pandemic, many turned to payday loans and…
Can the laws protect you from excessive interest rates on loans?
usury lawsUsury laws protect borrowers in many states and some borrowers nationwide from excessively high fees interest rate. However, state standards for excessive interest vary widely, and federal banking laws allow credit card…
Cash Advance Apps vs Payday Loans: Which is Better? | Economic news
If you're asked to imagine a payday lender, you might think of a storefront in a mall with green signs and…
Why Young Adults in Minority Communities Have Lower Credit Scores
Damir Khabirov | iStock | Getty ImagesAccording new search of the Urban Institute.The research found that 25- to 29-year-olds in majority-Black communities have a median credit score of 582 — below the subprime threshold of 600. In…
BBB Study: Predatory Lenders, Fraudsters Target NC |
From the Better Business Bureau
ASHEVILLE -- As consumers lost their jobs and struggled to make ends meet during the COVID-19 pandemic, many turned to payday loans…
Loan Co. Parent Beats RICO Suit Alleging Tribal Partnership
By Caleb Symons (September 2, 2022, 8:41 p.m. EDT) – A federal judge in Baltimore launched allegations on Friday that North Dakota tribesmen conspired with business partners to run a loan sharking scheme, finding the putative class…
Caesars, MGM and DraftKings should be wary of this NFL season
Gambling is a complicated problem in America. The practice is legal at the federal level in the United States, but heavy state-level restrictions limit the reach of the gambling industry in the states. Only two states, Nevada and Louisiana,…
Endicott’s National Pipe sold to Irish Building Materials Company
A Broome County man-owned business has been acquired by a global supplier of building materials.National Pipe and Plastics has been sold to Oldcastle Infrastructure, which is a unit of CRH in Dublin, Ireland.David Culbertson of Vestal has…
How much you’ll pay in taxes for the $1 billion Mega Millions jackpot
The Mega Millions jackpot has reached over $1.02 billion. But not all winners win the same pot; depending on the state you live in, you may be subject to higher state taxes.
Friday's drawing is the third largest Mega Millions…
Tribal Loan Interest Rates $38 Million Class Action Settlement
Several tribal officials have agreed to fund a settlement worth $39 million to resolve claims of trying to circumvent loan laws.
The settlement benefits consumers who obtained a loan from Golden Valley, Silver Cloud or Majestic Lake at any…
How well does your state protect payday loan borrowers?
How much a typical consumer pays to borrow small amounts of money — and whether that person is likely to be able to repay that loan within the specified time frame — differs significantly from state to state. This variation…
Access to earned wages: CFPB, upcoming national regulations
Hello and welcome to Protocol Fintech. This Monday: Access to earned wages is criticized, Capital One is shopping for fintechs and Zelle scams find a simple explanation.out of the chainFor sale: a neobank, never used. American Challenger…
Best emergency loans of August 2022
What is an emergency loan?An emergency loan is a personal loan that you borrow to cover an emergency expense. Emergency loans are often not guaranteedwhich means the lender uses your personal information, including your credit, income, and…
GOP Senate candidate Ted Budd sided with payday lenders as he took their PAC donations
North Carolina Republican Rep. Ted Budd opposed protecting consumers from predatory lending, despite his own state banning the practice. North Carolina Republican Senate candidate Ted Budd has always sided predatory!-->!-->…
Michigan campaign to cap payday loans fails | Michigan
(The Center Square) – The Michigan Bureau of State Solicitors failed to certify a ballot initiative to place…
Federal regulators fine Bank of America $225 million over botched payment of state unemployment…
WASHINGTON DC - Today, the Consumer Financial Protection Bureau (CFPB) fined Bank of America $100 million for botching the payment of state unemployment benefits at the height of the pandemic. Bank of America automatically…
Payday Loans Market Report 2022-2027: Creditstar, Lending Stream, Myjar
payday loan
OREGAON, PORTLAND, USA, July 12, 2022 /EINPresswire.com/ -- Allied Market Research released a report titled "payday loan market By type (storefront payday loans and online payday loans),…
CFPB sues payday lender Ace Cash Express
The Consumer Financial Protection Bureau is suing payday lender Ace Cash Express, calling it a "repeat offender" and saying it drove customers into costly re-borrowing.The Irving, Texas company also concealed free repayment plans from…
NC: NC Governor Signs New Bills on Alcohol Sales, Sexual Assault and Domestic Violence
North Carolina Governor Roy Cooper signed 11 new bills into law on Thursday. These bills would address issues related to domestic violence, sexual assault and the sale of alcohol.
The signed bills were among more than three dozen the…
How do payday loans work?
Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as "Credible", is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us…
Millions of people look to family and friends for financial help
InvestigateTV - More than 25 million people relied on loans from loved ones to meet their spending needs, according to the Census Bureau latest household finance survey. This figure is up from 19.1 million people at the same time last…
More and more students are taking training in personal finance. But is it enough?
Image source: Getty Images
One in four high school students is required to take a personal finance course.…
Should you lock in a mortgage rate today? | Mortgages and advice
A mortgage rate lock allows you to keep your interest rate unchanged for a set period of time, usually between the time your offer to purchase is accepted and the time you close on your new home. Locking in your rate can help you better…
California lawmakers urge FDIC to curb banking partnerships | Ballard Spahr LLP
Four Democratic members of the California State Legislature recently sent a letter to the Federal Deposit Insurance Corporation (FDIC) urging the agency to take action against FDIC-supervised banks that partner with non-bank lenders to…
California lawmakers urge FDIC to curb banking partnerships
Four Democratic members of the California State Legislature recently sent a letter to the Federal Deposit Insurance Corporation (FDIC) urging the agency to take action against FDIC-supervised banks that partner with non-bank lenders. to…
What is a home loan and how does it work?
Car title loans are designed for people who need cash fast. They offer a short-term loan using your vehicle title as collateral. Some lenders don't do credit checks and may not even require proof of employment or income, making auto title…
Business groups claiming to support service members do not
In 1994, Congress passed the Uniformed Services Employment and Re-employment Rights Act (USER) with the goal of prohibiting discrimination against members of the military in employment, as well as ensuring minimal disruption to…
North Carolina funds data analysts and program evaluation to strengthen use of evidence
Leaders in North Carolina's executive and legislative branches are investing in more tools and personnel to study the impact of state-funded programs and determine how to deliver them more effectively to state residents.
The…
1 million acres of southeastern salt marshes move closer to protection
Plan to Conserve 1 Million Acres of Southeast Salt Marsh Begins to Take Shape After Federal, State and Military Leaders, Conservation Groups, Scientists, Gullah/Geechee Nation and Others Work together for a year to assess options…
How to Find Better Alternatives to Payday Loans
When you're faced with an emergency — a car repair, medical bill, or other unexpected expense — and you don't have the cash to cover it, a payday loan may seem like your only choice. This is usually not the case; there are other options…
Wheelchair filled with 23 pounds of cocaine found at North Carolina airport
by: Justin Melrose, Nexstar Multimedia Cable
Job : June 3, 2022 / 7:08 p.m. EDT
Updated: June 3, 2022 / 7:08 p.m. EDT
CHARLOTTE, North Carolina (WGHP) — If you hope to…
Schapiro: Started in Virginia with a whine, ended with a bang | Government and politics
BY JEFF E. SCHAPIRO Richmond Times-Dispatch
Jay Speer has been lobbying the Virginia legislature for as long as he's been a parent: 22 years.And for almost all,…
Louisiana governor vetoes bill allowing high-cost installment loans
Louisiana Governor John Bel Edwards vetoed a bill that would have allowed consumer lenders to offer short-term installment loans with triple-digit interest rates. The bill sought to establish a new type of consumer loan of up to $1,500 and…
Should I use a wire transfer or cashier’s check for closing? | Mortgages and advice
If you have finally reached the final stage of the home buying experience, then you are on the home stretch. However, closing involves a specific set of procedures that must be followed carefully to avoid delays or complications. One such…
What is manual subscription?
When you apply for a mortgage or other type of loan, it may feel like your whole financial life is on the line. Through a process called underwriting, the lender looks at factors like your income and credit score to determine if you…
Press Releases | Press | President’s Press Room | Chair
19.05.22
BuzzFeed Investigation Showed KKR Puts Profits Before Patients, Leading to Abuse and Neglect and Putting Patients' Lives at Risk
washington d.c. — US Senators Patty Murray (D-Wash.), Chair of the Senate…
Expensive auto repairs drive consumers into a money pit
New research reveals how costly auto repairs are turning into a new form of predatory lending. And just like other forms of financial abuse, consumers feel duped and deceived about the associated costs and the time it takes to pay…
How Stacked Loans Work | Mortgages and advice
If you're putting down a small down payment on your home, a piggyback loan could help you avoid additional charges on your mortgage. However, these types of loans are not without their own costs and drawbacks. Here's what you need to…
Stripping Wealth on Purpose: The Impact of Predatory Lenders in Memphis – Non Profit News
Photo by Avel Chuklanov on Unsplash
Memphis, according to the 2020 census, is home to approximately 633,000 people, of which 64.5% are African American. As a new report from the Memphis Black Clergy Collaborative (BCCM) and Political…
NC debarment: Criminal background checks still show old cases
Winning in court took nearly five years for Rafael Smith, 39, after he was arrested for assault and sexual assault - but even a not-guilty verdict wasn't enough to clear his name. On a recent Saturday, he arrived at the Plaza Road…
FINANCIAL LITERACY NEW LEAP A1 |
Studies have long shown that high school students are woefully misinformed about personal finances and how to manage them. But the COVID-19 pandemic, which has revealed how many American adults are living on the financial…
COVID woes prompt more states to require financial literacy classes
Posted May 3, 2022 6:11 a.m.
Elaine S. Povitch
Stateline
Studies have long shown that high school students are woefully misinformed about personal finances and how to manage them. But the COVID-19 pandemic, which has…
COVID woes prompt more states to require financial literacy courses | Education
Studies have long shown that high school students are woefully misinformed about personal finances and how…
Wisconsin is paying for a practice that some say is legalized loan sharking
MILWAUKEE—A new study shows that Wisconsin residents pay some of the highest rates in the country for payday loans. There are payday loan companies all over the country. There are approximately 23,000 of these lenders open right now. This…
Tax illiteracy reigns supreme in Washington
A myriad of associations come to mind when one thinks of President Biden's fiscal year 2023 budget, but the one that instantly springs to mind is "a dumpster burning." Like the budget he submitted to Congress last year, one fact…
COVID woes prompt more states to require financial literacy courses
Studies have long shown that high school students are woefully misinformed about personal finances and how to manage them. But the COVID-19 pandemic, which has revealed how many American adults are living on the financial edge,…
Looking for a tax-free loan? It’s Probably Not Worth It, Experts Say | Business
Last-minute filers are scrambling to ship their returns to the Internal Revenue Service by the 2021 tax year…
Worst Bribery Scandal in Every State – 24/7 Wall St.
Americans have less and less confidence in their political institutions. Puh a Gallup pollless than 40% of Americans have "a lot" or "somewhat" confidence in the presidency, which has been the case since 2010. More than 80% of…
Child tax credit: is the expanded child tax credit dead? Did this help?
Children ate better, families paid off their debts and parents were able to improve their job skills when the expanded child tax credit was sent directly to American families. That's according to a…
CFPB Releases Market Snapshot on Consumer Use of State Payday Loan Extended Payment Plans | Jenner…
Payday loans are small cash loans usually payable in a single payment on the borrower's next payday. These are very short-term forms of consumer credit, usually at high interest rates. If the borrower cannot repay the loan when due, some…
Looking for a tax-free loan? It’s Probably Not Worth It, Experts Say |
Last-minute declarants endeavor to send their declarations to the Internal Revenue Service by tax year 2021…
Why Tax Refund Loans Are Bad: Fees, Interest, and Risk
Last-minute declarants endeavor to send their declarations to the Internal Revenue Service by the 2021 tax year deadline on Monday, April 18 — and are likely looking forward to a big check via their tax refund. Some tax firms or…
Child tax credit payments helped parents avoid selling plasma and take out payday loans
Monthly cash payments from the federal government last year may have helped some parents avoid taking out payday loans or selling their blood plasma to pay their bills. Parents who had previously used these “alternative financial services”…
Experts warn of a coming recession in the United States | Matt Lillywhite
Several economic experts have recently warned that a recession in the United States is possible. For example, German Bank believes that the US economy will fall into recession due to the increase in interest rates by the Federal Reserve.…
No quick fix for the racial wealth gap – The Royal Gazette
You learn a lot by writing a book, as I did with my last effort, Solving the Racial Wealth Gap: Racism and Discrimination Puts Us Here, But This Is How We Can Save Future Generations. I have researched the history of economic racism!-->…
North Carolina Voter Residency Law Similar to South Dakota – Dakota Free Press
The North Carolina State Bureau of Investigation is investigating whether former White House chief of staff Mark Meadows committed criminal perjury in claim a false residence on his North Carolina Voter Registration Form in September…
Bank of America Balance Assist Lender Review 2022 | American News
Bank of America's Balance Assist program can provide short-term loans of up to $500 to eligible bank customers for a flat fee of $5. Program can help customers avoid high interest rates payday loans and is available nationwide. Best…
Four Republican congressmen from North Carolina sign 2nd Amendment protections bill – The North…
Rep. Dan Bishop, R.C., speaks during a press conference held by members of the House Freedom Caucus on Capitol Hill in Washington, Thursday, July 29, 2021, to complain about House Speaker Nancy Pelosi, D-Calif. and masking policies.…
Thinking of starting a company? These are the best and worst states for entrepreneurs
Getty Images
Entrepreneurship in the black community is not a new phenomenon. Seventeen!-->!-->…
NCAA March Madness prepares for the return to normal
A general view of the March Madness logo prior to the game between the Syracuse Orange and the Houston Cougars in the Sweet Sixteen of the 2021 NCAA Tournament at Hinkle Fieldhouse.
Aaron Doster | USA TODAY Sports | Reuters…
Top Black Owned Banks
To illustrate the history of racism in banking, here's a look at the rise and fall of Freedman's Savings Bank, according to information from the Office of the Comptroller of the Currency.In 1865 the Civil War ended and the 13th Amendment…
Is daily payment the way of the future? A 5-step guide for employers considering an Early Access…
In what continues to be dubbed the Great Resignation, employers are looking for creative ways to retain and attract talent. An Early Wage Access (EWA) policy – a revolutionary benefits program that gives employees…
What is it, why is it important
Black Players for Change formed in response to nationwide protests following the 2020 police killing of George Floyd. An independent organization of over 170 Major League Soccer players, coaches and staff, the BPC aims to “close the racial…
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…
Michigan House GOP proposal: Cut state budget to cut taxes
The plan would also allow people aged 62 and over to deduct up to $40,000 annually from their income tax, or $80,000 for co-filers.Related:Supporters of the plan — such as House Fiscal Policy Committee Chairman Matt Hall, R-Marshall, and…
Michigan ballot measure aims to cap payday loan rates
LANSING — A coalition of consumer and civil rights groups hoping to strengthen regulation of Michigan's payday loan industry launched signature-raising efforts on Wednesday to bring the issue before voters in November.Michiganders for Fair…
Tax Refund Loans | The bank rate
Are you expecting a tax refund from the IRS? You may not have to wait for the IRS to process your return and send you a direct deposit or a check in the mail.If the tax preparation service you use offers tax refund loans, you could get an…
District Court Upholds OCC and FDIC Rules on ‘Performance Date Validity’ | Skadden,…
On February 8, 2022, a federal district court in California issued two opinions, granting summary judgment to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) and dismissing…
U.S. consumers set to save billions with bank overdraft reforms
In one of the first efforts to assess the impact of recent overdraft fee reforms, new analysis finds changes underway at just five banks could save consumers more than $2 billion a year.The Pew Charitable Trusts reviewed announcements from…
$10,000 Personal Loans: How to Quickly Qualify for $10,000
Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as "Credible", is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us…
OppLoans Personal Loan Review 2022 – Forbes Advisor
The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here's how OppLoans personal loans compare to other popular lenders:
OppLoans vs Upgrade
OppLoans and Upgrade are for…
Is San Antonio FloatMe a Safer Alternative to Payday Loans?
FloatMe, a San Antonio tech startup that gives workers cash advances on their next paycheck, said it has increased $16.2 million from investors during its last fundraising.Overall, the startup has raised $49.1 million in funding since June…
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 lobbied for the…
A wave at sea: migrants seek to enter the United States on flimsy boats
KEY WEST, Fla. – The maritime disaster that left rescuers still searching Wednesday for 38 migrants lost at sea in the Florida Straits comes amid a surge in maritime migration on both coasts as thousands of people board flimsy boats in a…
Former Arizona director of corrections could face multiple felony charges after confrontation with…
Editor's Note: This story has been updated to clarify Ryan's role at Abu Ghraib. We regret the error.Charles Ryan once reigned supreme over Arizona's sprawling state prison system, serving for a decade as director of the state Department…
Weather Brings Challenges to Homeless Virginia Residents | North Carolina News
By IAN MUNRO, Daily News-RecordHARRISONBURG, Va. (AP) — The voices of men and women cut through the frigid morning air as the northwest side of Harrisonburg was still shrouded in darkness Monday morning.Light crept across the parking lot of…
Payday loan vs personal loan: what’s the difference?
If you need money to cover an emergency, you can borrow it in several ways.
One is a payday loan. This type of loan is easy to apply for but can be very risky. Payday loans charge high interest rates and often have hidden fees.…
North Carolina cash loans are available to all say Greendayonline
North Carolina is justly famous for its varied scenery. Its west region is home to breathtaking Mountains located in Smoky National Park.
The people of North Carolina are diverse as well. Many immigrants have sought employment as well!-->!-->!-->…