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Is San Antonio FloatMe a Safer Alternati...

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 2019, including $25 million in debt funding, according to Crunchbase, which tracks investments in tech companies. FloatMe’s […]

At the heart of the fight for banks to b...

At a time when the big banks getting easy approval for profitable mergers, say some California community groups, not so fast. Dozens of them seek to block US Bank’s bid to acquire Union Bank unless the former cancels $90 billion for charitable loans and donations to low-income areas of the state and communities of color. […]

New rule asks if borrowers can afford pa...

Lenders offering payday loans and other small advances to cash-strapped consumers must first determine whether borrowers can afford to repay the debt under a long-awaited federal rule finalized Thursday. The rule, passed by the Consumer Financial Protection Bureau, would also reduce repeated attempts by lenders to debit payments from borrowers’ bank accounts, a practice that […]

Moneylender Provident will stop offering...

Moneylender Provident Financial has decided to close its home loan division, as the Covid pandemic hit its recovery efforts. Provident is one of the largest lenders in the Irish market. The British firm, a subprime lender since its inception in 1880, said it planned to put the managed business into liquidation or consider a sale […]

Former door-to-door money lender ‘surpri

Steve barras Provident, which recently withdrew from the market, said it would direct those affected by the closure of their mortgage division to their local credit union. Steve Barras, Business Development Manager for Just Credit Union, said: “While Provident was a controversial high-cost lender, we welcome their gesture in recommending credit unions as an alternative […]

Wellington money lender accused of ‘hara

Superloans hung posters outside their store of a woman who wrote on their window, saying “Wow! Te Aro taggers are old as hell !!” Photo / Supplied / Sam Pavan A man from Wellington said the owner of a high-cost loaner store tried to intimidate him after he emailed complaining about the conduct of the […]