The results are in: a 2020 poll conducted by Morning Consult and commissioned by the Center for Responsible Lending, a nonprofit aimed at protecting consumers, found that 70% of registered voters approve of limiting interest rates on consumer loans to 36%¹. The poll found that not only does this measure have[...]
neo-payday lenders, #financialwellness, daily pay benefit
neo-payday lenders, compliance, daily pay benefit
With each new survey, employee desire for access to their accrued earnings before payday grows, along with retention rates for employers that implement the #dailypaybenefit. It’s a win-win.
payday loan, neo-payday lenders, compliance, #dailypay
Buggy whips. That’s what I think of as I follow the drama that surrounds payday lending.
neo-payday lenders, #dailypaynation, future of work, payroll-advance apps
For the last 50 years, payroll has been a business-as-usual, set-in-stone, mechanical process that takes place on a predictable weekly, biweekly, semimonthly or monthly schedule. Workers, without any savings, who had an emergency or a bill due outside of the normal pay cycle have been forced to endure late and[...]