Payday Loans

BlocPal and OneFeather Team to Provide Services Via Mobile Wallets to Indigenous Peoples in Canada – Digital Transactions

As part of its goal of providing unbanked and underbanked consumers with affordable digital access to financial services through a single app, BlocPal International Inc. has partnered with OneFeather, a digital service provider to Indigenous peoples in Canada based in Victoria, British Columbia, to bring the OneFeather app to that …

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Payday loan alternatives are becoming more and more available

In perhaps the most unprecedented change, the Consolidated Appropriations Act of 2021, designed to provide financial assistance during the pandemic, included $ 3 billion specifically for the CDFI Fund, which provides financial assistance to CDFIs and institutions of minority deposit (MDI). This amount is almost equivalent to what the fund …

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“Rent a bank” fades for payday lenders

Share Tweeter Share Share Share E-mail The regulatory eye on payday loans is tightening. To this end, as reported by the Associated Press, Congress voted to overturn Trump-era regulations that allow payday lenders to circumvent state laws that cap interest rates. In terms of mechanics, the rules, which had been …

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