Paying bills on time is still a monumental task for millions of working Americans. The latest research shows that about six in 10 Americans are living paycheck to paycheck; thus an unexpected bill could send someone into a...more
In 1965, the country was at an inflection point: there had been nearly a decade of important civil rights activism culminating in the Voting Rights Act, the World's Fair came to Queens, and the popularity of unions was at a...more
One of the more understandable reactions to programs allowing people access to their earned pay on demand, rather than waiting for the scheduled payday, is the contention that there will be rampant abuse of the benefit.
The...more
Employees increasingly are able to access earned pay on their demand, between pay cycles, when their employees work with on-demand pay (also known as earned wage access, or EWA) providers. Today, with inflation at a 40-year...more
As Black History Month comes to a close, the relationships between the history of race, poverty, affordable financial services, and modern American life are hard to ignore. Over the past two years, surviving a pandemic has...more
2/28/2022
/ Banks ,
Borrowers ,
Coronavirus/COVID-19 ,
Demographic Targeting ,
Discrimination ,
Equity ,
Fees ,
FinTech ,
Loans ,
Payday Loans ,
Popular ,
Wages
You know we have a serious economic justice problem in this country when the poorest Americans are paying $8 billion in overdraft fees in $35 increments to the nation’s largest banks. But that’s exactly what happened in 2020...more