Fintech Finance
JANUARY 23, 2024
As political efforts intensify to combat junk fees across various sectors, a groundbreaking study conducted by Wise , the global technology company building the best way to move and manage money internationally, unveils a hidden landscape of fees plaguing the everyday lives of Americans.
Fintech Finance
JULY 19, 2024
In recent years, workers have seen big increases in wages, but junk fees and high rates on financial products not only chip away at these gains – they take advantage of workers,” said Acting Secretary of Labor Julie Su. “As In July 2023, the CFPB issued a report on the risks workers face from employer-driven debt.
Innovative Payments Association
JANUARY 10, 2024
Comments were due by December 29, 2023. As Ron Shevlin, the Chief Research Officer at Cornerstone Advisors, noted in a Forbes Column that six out 10 consumers who opened a checking account in 2022 and 2023 say they have more than one checking account. So, it is not as though open banking regulations will give people more choices.
Tearsheet
MARCH 27, 2024
View the case study While the historical arrangement of paying employees bi-weekly remains the norm, around 20% of employers have veered toward a more flexible approach by introducing Earned Wage Access [EWA] as of 2023 in anticipation of increased employee satisfaction and better retention rates. Take, for example, DailyPay.
Global Fintech & Digital Assets
MARCH 8, 2024
By Barrie VanBrackle and Deric Behar On March 5, 2024, the Consumer Financial Protection Bureau (CFPB) finalized a rule (the Rule) to amend Regulation Z, which implements the Truth in Lending Act (TILA) to limit credit card late fees.
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