Thousands of employers using ADP now have the ability to offer their employees instant access to their payroll. The payroll giant announced Thursday that it has partnered with DailyPay, a company that offers a tool that allows workers to access their wages before payday. DailyPay is now available for employer …
Read More »Monthly Archives: March 2021
Critics call 279% loan a ‘debt trap’
Many cash-strapped Tennessee residents have turned to payday loans in tough times. But a new product called flexible loan is quickly becoming the industry standard. It is an indefinite line of credit with a whopping 279% annual interest rate. Tennessee is one of the first states where you can get …
Read More »As protections disappear, $ 90 billion payday loan industry lives to hunt another day
The $ 90 billion payday loan industry lends money to 12 million cash-strapped Americans at sky-high interest rates, forcing them to take out loans to repay their loans, a cycle that prompted the Consumer Financial Protection Bureau (CFPB) to launch crack down on the industry in 2017. But despite its …
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