Around 40 percent of US citizens have difficulty to deal with unexpected 300 dollar expenses within every month without making the budget in a bind. The majority of people living in cities like Denver, Colorado live paycheck to paycheck and, for any sudden expenses that are not planned, they have to borrow money.
Postal banking and state-branded banking and public banking, oh my. If you’re in favor of the status quo when it comes to banking and basic financial services across the country, it hasn’t been a good few weeks for you. In late September, Senator Elizabeth Warren announced her opposition to the
INVESTMENTS FROM AT least 15 current and former NFL players, including Von Miller, Nick Foles and Mark Brunell, were used in a complex investment program designed to profit at the expense of low-income borrowers, according to civil and bankruptcy court documents obtained by ESPN. The players invested in a now-defunct
SEOUL, South Korea — The calling card, thrown with expert precision from a motorcycle as it sped away, landed at Park Chui-woo’s feet as he neared his wits’ end . The brightly colored card advertised fast, low-interest loans, especially for small business owners. Maxed out by all other lines of
Cashing a check, talking about loans, that’s why we go to a bank. But at Southern Bancorp, there’s a little more. “Southern Bancorp is a CDFI, and that stands for community development financial institution,” explained Nathan Pittman, senior vice president of policy and communications at Southern Bancorp. credit unions, loan
After the initial announcement on Monday that Montana Rail Link was ending its long-term lease with BNSF Railway Company, spokesman Jon Bennion provided more detailed information to clarify the story. According to the press release, BNSF will resume operations on its main corridor through the southern part of the state
The payday loan industry is changing, but its new products may just offer consumers a different path to a money hole. Payday lenders are increasingly turning to installment loans, with all of the largest U.S. payday loan companies now selling the products, according to new research from Pew Charitable Trusts.
DENVER — While Democratic Secretary of State Jena Griswold aggressively pursues a lawsuit against a conservative nonprofit over so-called “black money” political spending, she has remained conspicuously silent on progressive organizations outside of the United States. State doing the exact same thing on a much larger scale in Colorado. A
As businesses have begun to reopen, we have been increasingly harassed by business owners, especially restaurants and similar service-based workplaces, who insist that they face a labor shortage. The argument, according to some, is that unemployment benefits are too generous and discourage work, preventing employers from hiring workers. Fortunately, these
Robert Owens felt defeated and helpless on Sunday as he waited in the Louisiana capital for one of the strongest hurricanes to ever hit the United States. The 27-year-old had spent anxious days watching long lines of cars evacuate from Baton Rouge, bound for safer locations out of state as
Venture capitalists are moving away from the payday loan space, a decade after jumping in. Driving the news: LendUp, which had raised more than $200 million from companies like Google Ventures, stopped issuing loans earlier this month. Axios obtained a letter sent to shareholders, in which CEO Anu Shultes said
A judge recommended that a Kansas City payday lender is paying $132.5 million in restitution to borrowers tricked by their loan agreements. An administrative law judge also said Integrity Advance and its chief executive James Carnes, a Johnson County businessman, should pay $7.5 million and $5 million in civil penalties,