Financial Health

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…

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.…

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…

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…

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…

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…

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…

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…

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…

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…