Federal Reserve To Launch Instant Pay Service ‘FedNow’ in July
The Federal Reserve will launch its instant pay service, FedNow, in July....
payday loans
Personal Loan Debt Hits Record Mark — Support To Help Black Americans Combat The Issue
Stuck with personal loan debt? Find out which resources a personal finance expert recommends to gain financing or manage existing loans....
Meet the Women Who Are Focused on Fixing Credit in the Black Community
Passionate, driven, determined, focused; these are just some of the words that describe The National Organization of Black Elected Legislative Women (NOBEL/Women). This organization is...
What You Need to Know About Payday Loans
The fact is, however, that many people rely on payday loans to make ends meet, and don’t have other borrowing options....
[WATCH] Millennials Resorting to Payday Loans to Help Make Ends Meet
“Millennials confront greater difficulties – including economic uncertainty, student debt – than those who came before them,†Price Waterhouse Coopers and George Washing University researchers...
Congress and Church Take Aim at Payday Lending
Congress and members of the clergy take aim at the payday lending industry and how it targets low-income communities....
FTC Cracks Down on Phantom Lender
The FTC requested a U.S. court to shut down a fake lender...
#WealthforLife Wednesdays: The Real Cost of Payday Loans
For a fast, dangerous payday loan, borrowers usually only need a checking account and proof of income to apply....
Robert Johnson Announces Alliance to End Payday Lending
Alliance looks to help minorities pay down debt, increase savings, and break the cycle of excessive use of payday lending....
FDIC: Black Households Don’t Use Banks Regularly
Minorities and low-income households are less likely to have a bank account or more likely to use alternative financial services compared to the population as...