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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…
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…
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…
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!-->!-->!-->…
Protecting & Connecting Workers – North Carolina Justice Center
It’s the best way for North Carolina to rebuild and move forward
Rebuilding from COVID-19 presents an opportunity to shore up our economic defenses and lift up communities that previously were left in harm’s way. Helping people overcome…
Biden pledged to forgive $10,000 in student loan debt. Here’s what he’s done so far
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President Biden walks to Marine One outside the White House on Dec. 2.
Anna Moneymaker / Getty Images
When President-elect Joe Biden was asked whether student loan cancellation figured…
First Edition: Dec. 16, 2021
Today's early morning highlights from the major news organizations.
KHN:
After ‘Truly Appalling’ Death Toll In Nursing Homes, California Rethinks Their Funding
About 1 in 8 Californians who have died of covid lived in a…
Editorial Roundup: U.S. – KTAR.com
Excerpts from recent editorials in the United States and abroad:
Dec. 14
The Guardian on China’s Winter Olympics and treatment of Uyghurs:
The financial crisis of 2008 was the moment which cemented both China’s rise and its growing…
2021: Somehow even worse than 2020! It’s the best and worst of Arkansas
My sweet summer child, do you recall those waning days of 2020? A year of unfathomable death counts and self-imposed house arrest, online grocery orders and incessant Zoom calls, was finally, blessedly winding down. Admit it, you expected…
Sea turtle musical, Rosa Parks, sandhill crane rescued: News from around our 50 states
Alabama
Montgomery:The latest tribute to civil rights icon Rosa Parks, a memorial piece set just outside the Rosa Parks Museum in a spot where a fountain was located, will be officially revealed at 11:30 a.m. Wednesday during Rosa Parks…
TORCHY TACOS PARTNER WITH DAILYPAY TO OFFER AN ON-DEMAND COMPENSATION BENEFIT TO SUPPORT EMPLOYEES
Craft Fast-Casual offers daily pay to provide financial flexibility and welfare benefits to hourly employeesNEW YORK, December 9, 2021 / PRNewswire / - Tacos de Torchy, the popular Austin- the brand known for its Damn Good Tacos and its…
DOUGLAS: We have all already touched the lottery
Donnie Douglas
So I'm sitting comfortably at my parents' house on Thanksgiving morning, pondering what I'm writing and out of nowhere a light shines: Itemize the things I need to be grateful for.
But before that, I'll highlight what…
Attorney General Bonta: Predatory lending and illegal bank leasing schemes have no place in our…
OAKLAND - California Attorney General Rob Bonta joined 20 attorneys general in urging the Federal Deposit Insurance Corporation, the Federal Reserve and the Office of the Comptroller of the Currency (collectively, "federal banking…
North Carolina Justice Center Opposes Bill 951, “Energy Solutions for North Carolina”…
RALEIGH (October 1, 2021) - A new draft of House Bill 951, "Energy Solutions for North Carolina," fails to deliver meaningful programs to protect low-income people from rising electricity bills. While there are many important dynamics…
County Economic Insights 2021 – North Carolina Justice Center
The Budget & Tax Center Economic Overview is an annual publication that lists key economic and social indicators at the county level of North Carolina, providing a holistic picture of how well-being varies across the state. This…
An Opportunity to Heal the Hardships and Put NC on a Resilient Foundation – North Carolina…
North Carolina can afford to meet the challenges we face with the pandemic and the downturn and its aftermath, but our leaders must choose a path that makes systemic investments for the good of all, not just the powerful few. This…
Fewer jobs and more job seekers than before COVID in much of North Carolina – North Carolina…
Persistent need for economic stimulus is clear from September labor market figures
RALEIGH (November 3, 2021) - Job growth continued to be subdued in September in most local North Carolina labor markets. The Delta variant has…
Payday Loans Trap Social Security Recipients in Debt
Bloomberg / Getty Images!-->!-->!-->!-->!-->!-->!-->…
DOUGLAS: Disney and the Beatles set the record straight
Donnie Douglas
Two blasts from my childhood past came together to make last week much, much better, and to help me recover from a deep injury I suffered on November 26th.
I'm talking about Disney and John, Paul, George and Ringo, who…
Chris Cuomo says he will end his radio show two days after CNN’s dismissal.
BuzzFeed was once at the forefront of digital media companies that would overtake traditional publishers and change the way people watch and read news and entertainment - an ambition it struggled to achieve.The company was hoping to regain…
Research argues for fixes to income-based reimbursement
Two recent reports point to the need to reform income-driven plans to repay student loans as the repayment pause ends early next year and the Education Department seeks to create a new plan through regulatory process.
Of those borrowers in…
Federal pandemic unemployment benefits will end Sept. 4 in North Carolina, affecting more than…
As we approach Labor Day and celebrate the contributions of workers to our country and our communities, the expiration of Federal Unemployment Insurance (UI) looms on the horizon. Without federal action, the September 4 deadline will…
NCGA’s proposals for US bailout funds lack vision, transparency and public input – North…
Click here to view and download a complete list of the ARP items of the NC House and Senate budgets.
the $ 5.4 billion North Carolina received in flexible dollars from the federal American Rescue Plan present a tremendous opportunity…
Community, Prosperity and Justice – North Carolina Justice Center
After a long and difficult year 2020, we anticipate a positive change in 2021, for the global pandemic to abate and for democracy to be protected.
Despite the challenges of the past few years, we want you to know how much you have…
How do minority owned businesses recover without PPP loans?
For many small business owners, federal P3 loans have been a lifeline.This paycheck protection program money was right on time and perfect for a lot of people.For many whites, it is. Many black and…
Echoes of Trumpism continue to dominate the General Assembly
While his serial dishonesty and corruption, his criminal negligence in responding to the COVID-19 pandemic, and his complicity in a failed coup have clearly…
Torchy’s Tacos offers on-demand pay to employees
December 13, 2021Austin-based Torchy's Tacos offers hourly employees access to their earned pay as needed. Through a partnership with DailyPay, an on-demand compensation provider, Torchy employees have instant access to their pay as they…
Final budget lowers priorities of North Carolinians while keeping them out of process – North…
The conference budget released by the NC General Assembly Monday night puts business interests and politics ahead of people while taking North Carolina to a new low on spending as a share of the economy (with the exception of the…
Payday loans bill draws criticism :: WRAL.com
By Mark Binker and Laura LeslieRaleigh, North Carolina – North Carolina lenders could once cons give out small, short-term loans, known as payday loans, under a bill introduced by…
Impact of US bailout on North Carolina – North Carolina Justice Center
The American Rescue Plan Act (ARPA), signed into law in March 2021, enacted transformational change and is widely considered the most sweeping anti-poverty legislation in a generation, estimated at reduce child poverty by more than…
Thanksgiving again to the rescue
DG Martin
Thanksgiving is my favorite holiday, and I wrote about it in a column many years ago.
One of the reasons is that this is one of the very few days that we have reserved only for families and friends. We did a better job of…