March 2021

The lack of a central database to identify repeat offenders is probably a bigger problem than the threat of financial fraud in Nigeria.Companies rarely publish fraud and cyber attack cases, and the figures in independent reports are…

California has a long history of allowing payday loans and its triple-digit interest rates, which many states see as predatory. But the legislature this week will consider a bill to curb payday lending, which critics say push financially…

George Osborne executed a hasty political turnaround, surprising even Liberal Democratic ministers in the coalition, when he ended years of resistance and announced a legal cap on the overall cost of payday loans. As a sign of the speed…

Wonga's staple TV ad campaign, featuring cute "elderly" puppets, carries the company's slogan "The Straight Talk Money". But, following a decision by the British regulator, the Financial Conduct Authority (FCA), the British payday…

While some rely on friends and neighbors to help them with their groceries, the poor may need to put themselves at risk from COVID-19 by venturing on public transport for supplies. Depending on where they live, they may not trust anyone…

A probation officer and an inmate at Camp Scudder, an LA County juvenile facility in Sylmar. (Bethany Mollenk of the Los Angeles Times)A little after the World Health Organization has declared the COVID-19 outbreak a pandemic in the spring…

MBA program: University of Virginia, Darden School of Business Industry: FinTech, Digital payments Name (s) of the founding student: Alexander Spencer and Stephen Joy Brief description of the solution: Tack is a payment platform that…

Payday loans - short term loans with high interest rates - are still very popular among Latvians. A survey by the Center for Consumer Rights Protection (PTAC) reveals that 10% of Latvians have used these short-term loans…

Hy-Vee has reached a preliminary settlement in a class action lawsuit brought by customers whose credit and debit card information was leaked following a massive data breach at some of the company's stores, according to a published report.…

A startup whose first product is a mobile money management app called Even, designed to provide low-income workers with interest-free credit to help them make ends meet between paychecks, has raised 1.5 million dollars in a fundraising…

Fall 2021 Seminar Series Calendar Coordinators: Kym Pram (committee chair), Frank Fossen, Anna Solokova, Peter Toth, Dilek Uz and Jingjing Yang All seminars are held in person, unless otherwise specified. Spring 2021 Seminar Series…

PHILADELPHIA >> A 77-year-old Main Line man described as the "godfather of payday loans" was sentenced…

ZOPA has been rated as one of the cheapest personal loans on the market right now, but there are warnings that borrowers don't know how low the rates can be. Research by the comparison website Compare the Market found!-->!-->…

Carey Brown, right, speaks to funders at the launch of the Covenant Values ​​Foundation. Criminal convictions in a breakdown union › Carey Vaughn Brown - Criminal Wear, Crime›…

"That would have been a good law," says Bob Anderson, a consumer protection attorney for Legal Action Wisconsin who lobbied for payday loan reform in the 2009-2010 legislative session, when Democrats controlled the government. Legislative…

Britain's second-largest payday lender was ordered to repay £ 15.4million to 147,000 customers after regulators discovered it was lending more to borrowers than they could afford to repay. The Money Shop and other brands operated by Dollar…

According to a student housing survey, more than a third take on more debt from commercial lenders to pay rent. When we take into account students who have borrowed from friends, families and employers, the proportion…

Consumer Financial Protection Bureau (CFPB) director Richard Cordray announced the fine on CashAmerica on Wednesday. (Jacquelyn Martin / AP) For five years, employees of Cash America, one of the nation's largest payday lenders, have…

Employers who sign up for these services like them because they don't affect their payroll operations - the funds requested come from so-called payroll companies - and can set them apart in a tight labor market. They can be linked to…